Monday, March 17, 2008

1st Day


This is about life and death.


Instrument = GBPJPY
Timeframe = 30 minute.

Setup 1st.

Price move in ranging condition, bearish bias still strong even tho retracement can occur means price will form bullish or pull back and i consider as wave 4. An idea of this setup is pick hi and low fractal. Once price hit hi or low.. i expect price will breakaway.

Price projection ( tP ) 61.8 retracement for buy setup