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.
| 19 - 23 Junho |
weekly
forecast 19 - 23
Junho Gold weekly review Wave analysis: During the previous week ending 16th June 2017, Gold markets fell despite our anticipation to rise to the upper side. We expect this downward rally to be a a mere correction of the impulsive wave (c) and should not go beyond the level 1204.70. Ideally, during | ||
| 2017 | EURUSD | GBPUSD | USDJPY |
| 23 Junho | Wave Analysis: Perfectly as previously anticipated, the corrective wave (b) continues to extend to the upper side but is still below our target rebound level 1.12859. During this intraday, we expect a possible extension of this correction to the upper side but should not go beyond 1.12859. Although | Wave Analysis: We expected the impulsive wave (c) to extend to the lower side but as it appears, the cable still may continue pulling back to the upper side but should not go beyond the end of the corrective wave (b) 1.27735. If you had short the impulsive wave (c) around 1.27735, just hold onto th | Wave Analysis: For almost a week now, the US Dollar only rose on Monday but has been consolidating below 111.904 since then. We're waiting for a clear rebound from 111.904 to short the impulsive wave (c) to the lower side. Otherwise, if the price can clearly break above 111.904, then we may conside |
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