Forecast Friday for 14/10/2016

Yesterday's target was hit and overshot the 61.8% FIB level slightly.

1H and 4H charts still look bearish and the 10470-480 level needs to be breached. Above that, we'll go up to 10600. A failure to break this level may result in a further drop thus continuing the bearish pattern towards 10100s.

My plan is to go long but I urge you to trade your own plan.

Thank you for viewing my idea and I wish you a successful trading day.