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.
| 27 Fevereiro - 03 Marcha |
weekly
forecast 27 Fevereiro - 03
Marcha Gold weekly review Wave Analysis: As previously forecasted, the yellow metal traded massively long and is still pretty much bullish both on the daily charts and the weekly charts. thus, during this week, as long as the commodity remains above 1249.70, we expect a possible bullish wave count t | ||
| 2017 | EURUSD | GBPUSD | USDJPY |
| 03 Marcha | Wave Analysis: As expected, euro traded massively short and is still petty much bearish both on the shorter and longer time frames. As long as the pair remains below 1.0587, we expect further bearish momentum towards 1.0410 and could break lower to 1.0175. The anticipated bearish price movements is | Wave Analysis: Yesterday, the cable dropped almost 32pips below its opening price but is currently consolidating around a key daily support 1.2257. Although we expect further momentum to the lower side, we're waiting for a clear break below 1.2257 to continue short with the impulsive wave (c) but s | Wave Analysis: Yesterday, The US Dollar rose almost 70pips above it's opening price but is currently rallying to the lower side. We expect the downward rally that began earlier today to be an onset of a bearish pullback and should not go beyond 113.86 from where we'll be looking for low risk buy op |
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| 28 Fevereiro | |||
| 27 Fevereiro | |||
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