Trader's Logbook

FDC may soon test its support at around 4.90 – 5.00 and it seems bears are ready to take the center stage if bulls will be lax. This bearish bias is reflected by today’s candlesticks which is a Shooting Star. Although it has a low reliability, there are times when this star causes sleepless nights. Fortunately we still need a confirmation tomorrow by way of a gap down or a large red candlestick that closes below price today. Be on guard!

Caveat!