Still the resistance, and the bulls are still growing
and their entry level 138 will be following , and the vision of the situation :
1 . Would give many of the bears up, and leave their positions as soon as the break summit last week will increase by 13822 and 13831 at the break .
2 . Bears will be increased when re-test the region that we talked about for more than a month from
1.3758 to 1.3777 and is expected sliding towards the first target price from 1.3722 to 1.3743
3 . H4-Candle close for four hours with the closure of the market did not give us the clearest impression of the expected closure of the candle , but we if we consider every movement on the chart indicate a special look of what will happen in the market by strong speculators ,so it say:
This candle that has been confirmed as a sign for the receipt of anticipatory bulls took the chart next week in an attempt to deliver the price-to- first slide area from
1.3722 to 1.3743 and that for
two important reasons in my opinion :
First, in an attempt to Reduce Losses and exit positions whether a steady drumbeat they maybe feel that the Bears are determined to get into 15953
Second, in an attempt ( I think will be a big struggle at 13722 if the price reaches ) to close down (daily) under 13722 , convinced that the price could reach the 1.3584 to 1.3606 before negotiating levels 139>
In fact, we are used to see bears and bulls in the event of a breakthrough new area that offer significant concessions to reach drifted away in the proportion of 70-80 % - Fibo of new summit succeeded in accessible:
* Visit ruled out before reaching 139 levels, a visit to 13640 again and maximum estimate 1.3580 to 1.3606
* Visit 138 will not stay long inside , and perhaps intimidating visits for the bears to abandon their positions and switch to Bulls.
* This scenario fails completely in the event of Summit 13831 penetrate clear and explicit
Thanks and Good Luck
for Arabic reading :
http://fareshanab.blogspot.com/2014/03/blog-post.html
