jan 2014 chart thread, page-9

Sure ausheds, no worries

S/R chart as requested (with a couple of slight adjustments)



Daily shorts tomorrow will be interesting....

Closed at 1.525 today, just slightly above the 1.52 level which is a very important level on this chart,
as is the 1.37 line (both are highlighted on the chart).
These two levels also happen to border the upper and lower levels of a potential support zone.
(remember potential support zones are just that - 'Potential', & they can be broken, it should just be a little more difficult to run it down through these zone's).

A break & close below 1.52 would take out the low of the potentially strong bar of the 18th November 2013 bar, which would leave the short term longs quite vulnerable.

Volume has increased for the last two days, I wonder if there is any hidden buying in today's bar - find out soon enough I guess.

cheers