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.
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Ford Weekly review Wave Analysis Since the previous week, nothing much happening on the shares of this company, we expected a possible correction to the upperside but as it looks, we may have to wait temporarily for price to correct itself before we got out. The idea here is to wait for a corr
Wave Analysis So far, nothing much happening on this pair, we took a buy from the weekly support level 1.1254 and is still holding, our expectations is that this pair should continue further even higher. The anticipated bullish price rally is the continuation of the last impulsive wave(c) to the u
Wave Analysis Nothing much has channel on this pair since the previous day's forecast. Currently, the cable is establishing a support around 1.30250, and while the price is above this level, we expect a possible move to the upper side. The anticipated bullish price rally is the continuation of the
Wave Analysis The US Dollar is still within the rising channel formation. As long as this pair remains within this channel we expect a possible momentum to the upper side. But should the current week's candle close below the close of the previous week's closing price price, then this will be an id