yeah you always gotta look at the weekly chart as a prime indicator for the daily trend....so weekly chart looks ok...the stochastics has bottomed and looks to be heading back up and I like the higher lows formation the last few weeks
Its really gotta push and break 6.10 convincingly for real traders and bigger money to take the trade
the upward triangle on the weekly suggests that the daily should follow suit
If it goes below todays daily chart lows or below 5.68-5.70 were cooked....itll head back down to 5.60ish and then try back up again .... 5.50 or below is only a real scenario if the global markets completely tank.
Until todays action the charts looked pretty bullish! In fact the daily looked great! Lets hope tmoz it can put in a higher low again....it seems that today a new RANGE was set for the upward formation - 5.70 to 6.00 is the new range...im guessing itll trade between this ATR range progressively back up slowly
lets hope im right
the guys that control the bots prob read hotcopp and will try and ruin it haha but I think 5.68-5.70 is the low in the ATR range for now and 6 is the target high in the ATR to close above. Once it closes above 6, were on the right track....its about TIME that the chart mechanics turn to challenge 6.15 again....look at the chart mechanically
who knows tho coz BOTS control this one
yeah you always gotta look at the weekly chart as a prime...
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