29 Oct Tuesday

This is what I am looking at my chart now.

In higher time frame charts price is trading at very important level.

In H4 it is trading at the level testing the falling trend line since 2012 October, the price has failed numerous tests to penetrate this level successfully which tells the strength and importance of this level.

In Daily, the price is testing the 150 SMA, last time it tested this level was when the price was at 34552 (USD 1433) on August 28, look at the chart diagram attached. The price has been trading below the 150 SMA since the beginning of this year throughout this year. So, I guess one can easily imagine the strength and significance of this level, whether such levels hold or break will be a game changer.

Trade Happy, Trade Safe