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.
| 01 - 05 Maio |
weekly
forecast 01 - 05
Maio Gold weekly review Wave Analysis: During the previous trading week ending 28th April 2017, Gold markets continue to retrace to the lower side but should not go beyond 1256.30 from where we'll be looking to re-buy the impulsive wave (c) towards 1396. Although this correction is highly anti | ||
| 2017 | EURUSD | GBPUSD | USDJPY |
| 05 Maio | Wave Analysis: The impulsive wave (v) traded long as previously forecasted but is yet to hit our target take profit at 1.11372. During this intraday, we still expect further bullish wave count towards 1.11372 or even higher. Ideally, as long as the pair remains above 1.08649, we expect a possible b | Wave Analysis As previously anticipated, the impulsive wave (v) picked a momentum to the upper side but is yet to hit our forecasted target. During this intraday, we expect further bullish momentum towards 1.33 or even higher. In the meantime, we're waiting for a clear break above the previous thre | Wave Analysis: After breaking above 111.92 on 3rd May, this pair accelerated to the upper side but is currently retracing back to the just broken level. Unless there's a clear bearish wave count breaking below 111.63, we expect a possible rebound from around 111.92-111.63 to buy this pair at low ri |
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