Forecast Friday for 14/10/2016
Yesterday's target was hit and overshot the 61.8% FIB level slightly.
1H and 4H charts still look bearish and the 10470-480 level needs to be breached. Above that, we'll go up to 10600. A failure to break this level may result in a further drop thus continuing the bearish pattern towards 10100s.
My plan is to go long but I urge you to trade your own plan.
Thank you for viewing my idea and I wish you a successful trading day.
1H and 4H charts still look bearish and the 10470-480 level needs to be breached. Above that, we'll go up to 10600. A failure to break this level may result in a further drop thus continuing the bearish pattern towards 10100s.
My plan is to go long but I urge you to trade your own plan.
Thank you for viewing my idea and I wish you a successful trading day.
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