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.
29 Fevereiro - 04 Marcha |
weekly
forecast 29 Fevereiro - 04
Marcha Gold Weekly Review: Weekly Review: During the previous trading week, gold broke above the upper resistive trend line but ended up closing below it. The weekly candle is still pretty much bearish and will likely continue short during this week. Thus, during this trading week, we will be keen | ||
2016 | EURUSD | GBPUSD | USDJPY |
04 Marcha | Wave Analysis: EURUSD is currently trading with a bullish bias. During the previous trading day, Euro broke above the upper resistive trend line and is currently making minor pullbacks towards this trend line. We expect the price to rebound from this trend line for us to continue long with an ult | Wave Analysis: GBPUSD is currently trading with a bullish bias. During the previous trading day, pound broke above a key resistant zone 1.4065-1.4079, and is currently trading just below the next resistant level 1.4206. Unless the price breaks out above 1.4220, expect a rebound from the zone 1.42 | Wave Analysis: USDJPY is currently trading with a bearish bias. During the previous trading day, usd/jpy rebounded from 114.28 and is currently retracing towards 112.35. We expect further movements towards this support level 112.35 or even further low to the supportive trend line. In the meantime |
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29 Fevereiro |