Support and resistance system should only be used in a higher timeframe chart, like one hour and above. This is necessary because at such a higher time frame, brokers cannot manipulate the price to my disadvantage.
How I draw strong support and Resistance
Before I call a level strong, the same level must met the following conditions.
Again, when drawing my support and resistance levels, I use a range, not a single line, this is because price tends to test particular level before retrieving, range caters for these levels.
| 10 - 14 Dezember |
wöchentlich
prognose Brent Oil Weekly Review Wave Analysis: For almost 3 months now, Brent oil has been on the losing end. This commodity lost value tremendously and is still showing signs of losing even further. As long as the price remains within the falling Channel formation, we expect further steep decline towa | ||
| 2018 | EURUSD | GBPUSD | USDJPY |
| 12 Dezember | Wave Analysis During the previous trading day, Euro went perfectly as previously forecasted and is still bery bearish both on the daily and the weekly charts. As we mentioned during our previous forecasts, as long as the price remains below the upper trendline, acting as the resistance to the conve | Wave Analysis After breaking below the 4 hour support level 1.26810, the cable is yet to pullback to the same level. Just as we mentioned in our previous forecast, as long as the price remains below this level, we expect nothing but a possible momentum to the lower side. The anticipated bearish pri | Wave Analysis Perfectly as we forecasted from Monday, the US Dollar rose significantly and is still very bullish both on the daily and the weekly charts, as long as the price remains above the Envelopes, the indicator show above, we expect further movements to the upper side. If you bought this pai |
| 11 Dezember | |||
| 10 Dezember | |||
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