Tuesday, March 24, 2015

Korean Currency (Won)

Dear: my friend( Lee, ung ha)
Whenever you asked me about the future of Korean currency Won, I feel like tiresome from you to explain it by way of a routine.  

From now on
I wish you to independent from me
I think that the chart language to be adopted and be used on your business is not difficult more than you have thought. Please be patient and listen to me  
I will introduce the simple pattern to you, so to speak “the ladder pattern
I hope you not to ask me again and again about Korean currencies future
Best regards    
Yours Cassandra  

Korean Currency (Won)
On Weekly chart



It is Korean currency chart (Won) in weekly
You may see the blue line acting as resistance line long terms view
So that you would better predict its lower trend line as supported line
It will be suported less than 1000 Wan in long terms view, more or less within 1 year


Daily chart
Koreran Won



See the above daily chart especially Blue lines.
Comparing both odd and even numbers, you may see what ladder Patten is
But odd number 9 has been breakthrough
It means “no more keeping on Trend”
Hence
You would better make new plan for collective wave

30 min. chart


The above is Korean Currency (Won) as Ladder pattern (blue color)
See again both Trend line in side of Ladder pattern
And see even and odd numbers you may approach here as methodology of inductive idea
And jump into conclusion that it has been acted as resistance and supported lines

Hence
You would better prepare with short terms view which is supposed to be traced with odd numbers