re FLI muntik n ko magcut loss the other day, buti na lang hindi umabot sa piso, baka napmura ako kung nagkataon..hehehe..
been watching this closely and here's my observation (just my opinion)...
when it opened a little over the mid section of the other day's bar (2/1) and closed at day's high, i suspect a reversal, so i monitor this morning if there is a confirmation...luckily, my suspicion was right so i added more @ 1.15 and 1.16. Now I plan to sell near its previous support of 1.27 but expecting resistance @ 1.20 (50% fib retracement) and then wait for higher low to get in again...
I'm not sure though if my fib retracements are correct (maybe just a coincidence).
38.2% - 1.27 - acts as prior support before it breaksdown then formed an inverted flag (TP was almost hit).
50% - 1.20 - as expected tinambakan sa 1.20 kanina, sana gumana gap-up magic bukas...
