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.
| 05 - 09 Junho |
weekly
forecast 05 - 09
Junho Gold Weekly Review Wave Analysis; Since January, Gold markets have risen incessantly and is still rising. The previous month's candle is a perfect bullish pin bar, and as long as the level 1082.3 is not broke to the lower side, we expect a possible bullish momentum towards the monthly resista | ||
| 2017 | EURUSD | GBPUSD | USDJPY |
| 09 Junho | Wave Analysis: The corrective wave (4) continues to rally around a key monthly resistance zone 1.1550-1.1186. As long as this zone is not violated to the upper side, we expect a possible rebound from this zone to sell the impulsive wave (5) to the lower side with the first target at 0.9699 and the | Wave Analysis; Earlier today, the cable gaped a bit lower than expected and is still 1.2777, as long as the level 1.2777 is not violated, we expect a possible extension of the impulsive wave (c) to the lower side but should not go beyond 1.2444. A clear breakout below this level will push the price | Wave Analysis: During the previous trading day, the US Dollar retraced higher than expected and is still bullish on the daily chart. Nonetheless, we expect this upward rally to be a mere correction of the outer impulsive wave (c) and should not go beyond 111.96. If you went long during our previous |
| 08 Junho | |||
| 07 Junho | |||
| 06 Junho | |||
| 05 Junho | |||
en 
id 
ar 
ru 
vn 
es 
th 
kz 
ua 
tj 
uz 
az 
ms 
