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.
| 28 Dezembro 2015 - 01 Janeiro 2016 |
weekly
forecast 28 Dezembro 2015 - 01 Janeiro 2016
Gold Weekly Review: Weekly Review: During The previous week, Gold traded long for the better parts of the week but could not reach our target of $1159. During the cause of this week, we expect gold to continue long, but with ultimate take profits at $1159, and $1316. If gold should move | ||
| 2015 - 2016 | EURUSD | GBPUSD | USDJPY |
| 31 Dezembro | Wave Analysis: EUR/USD is currently trading with a bearish bias. During the previous trading day, Euro made little movements towards our set targets, during this intraday, we put our focus on 1.087 to act as a good support, and 1.036 as a significant resistant. Any clear movement below 1.087 will | Wave Analysis: GBPUSD is currently trading with a bearish bias. For the past few months, pound has made lower lows but not closing below the lower green supportive trend line. We are waiting for a clear close below the green trend line to go short with our focus on 1.4704. But as long as the pai | Wave Analysis: USDJPY is currently trading with a bullish bias. We are waiting for a clear close below the diagonal trend line to go short with targets below 118.13. But as long as the pair trades above the green trend line, we will look for long positions with targets above 122.44. Traders tradin |
| 30 Dezembro | |||
| 29 Dezembro | |||
| 28 Dezembro | |||
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