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.
| 23 - 27 Janeiro |
weekly
forecast 23 - 27
Janeiro Gold weekly review: Wave Analysis: During this past trading week, the impulsive wave (5) traded massively long, hit our target TP at 1214.3 and is still showing signs of possible momentum to the upper side. We expect the downward spike witnessed on Jan 18th 2017, to be a mere correction | ||
| 2017 | EURUSD | GBPUSD | USDJPY |
| 27 Janeiro | Wave Analysis: Yesterday, the pair broke below the equilibrium zone, 1.0764-1.0713, headed short and is still pretty much bearish on the daily chart. We're waiting for a retest of the bottom of the equilibrium zone, 1.0713, to go short at low risk. Any clear break above 1.0713 may render futile the | Wave Analysis: Yesterday, the cable retraced to the lower side and is still showing signs of retracing further to the lower side. We expect further bearish corrections to the lower side but should not go beyond 1.2509 from where we'll be looking for low risk buy opportunities. The anticipated upwar | Wave Analysis: As previous forecasted, the impulsive wave (c) traded massively long after breaking above 114.02 but is yet to hit our target TP at 115.3. We still expect further momentum towards this target or even a possible break above it. But as long as this level,115.3, protects the upper side, |
| 26 Janeiro | |||
| 25 Janeiro | |||
| 24 Janeiro | |||
| 23 Janeiro | |||
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