USDMYR looks bearish last weeks.
In Daily TF, i m looking for bearish too.
If 4.05x doesn't hold. It may breaks and fall to 3.92x level then all the way to 3.80x.

This post has been edited by A|bert: Mar 20 2016, 02:30 AM


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Latest update on my analysis.

High volume entering at 4.00x price.


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95% of the population can't control the market but only can participate. 5% of the population wealth has total control over it. They are the big player here.

i take no responsible on my analysis. I could be wrong too cuz i m still learning to study the chart.

This is what i think lah... some very big institutions may have previously entered at price 4.05x then following by their second next transaction enters the market at this price 4.00 with even high volume. They are trying to buy at lower price to long the market so have a favourable high price to sell which i will look at the green zone price ~4.15x as their target. But overall in higher timeframe, the market is still very bearishness.

I can see the bear has losing its strength.

Refer back to my post on 22 March in post above. Now we are on important level. But i expect not much movement today. But the current price level won't stay for very long. High volatility is coming ahead.

This post has been edited by A|bert: Mar 25 2016, 11:30 AM


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Heading to 3.80x


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A series of Lower Lows and potential resistance zone.


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