Comment by Peter jcp on March 3, 2013 at 4:13pm

Nice analysis Abdul and I think if price makes over 5051 and may be 56 then its worth carrying on taking a buy with a first target in that 5080 -90 area with a small stop. I then think under 5090 or 5125 it might be worth looking for sells again - all depending on the session times and OB position according to your stochs and similar clues. If we were then stay above 5050 and 5080 - we may be trying to turn higher - but that would be more more obvious nearer the time 

Have a great March trading month

Regards 

Peter

Comment by Pavel Georgiev on March 3, 2013 at 4:32pm

But if a daily close above 1.5080/90 then moves to 1.58 ....?

Comment by Jasmine C on March 3, 2013 at 4:55pm

Hi Abdul,  

Thanks for the analysis - this is absolutely my view as well, looking to sell at the 5065 area for a profit 4915.

Clearly I need to keep an eye on your posts!!

Thanks again :-)

Comment by Peter jcp on March 3, 2013 at 5:01pm

It might be Pavel - but I am more a step by step trader and so if we had a daily close above 5090 and rises over 5130 - my next target would be the 5185 - 5220 area - as shown on Abdul's charts with a long line of one hr candle highs. If we then did not go back down under 5080 etc - that would be encouraging for more of a turn and higher again. I would agree though with Jasmine if we fail to go over 90 and back under 5000 then there is a good chance of testing the 4985 low and lower again 

Comment by Pavel Georgiev on March 3, 2013 at 5:19pm

Yes Peter, I think so

Comment by ilesanmi on March 4, 2013 at 5:19am

perfect analysis.it advisable to sell around 5060 stop around hundred target 4930

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