! WAITING for an IMPULSE !

11 ต.ค. 2012

This chart doesn't need many words as the uptrend is clear and the last correction filled the whole range of this trend. Now it has to break to the upside in order to continue this trend. Once it does so I have a buystop@ 0.9625 with a target just under the last high at 0.9907. As can be seen by the ADX, which is sitting just under 20, we do have to wait for another move above this number to start a new trend (hopefully going north). So far, I remain on the sideline until I see some encouragement in any direction. Almost needless to say that if the red linie at 0.9457 will fail to act as last support I would switch my general view to the short side.