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.
30 Novembro - 04 Dezembro |
weekly
forecast 30 Novembro - 04
Dezembro Gold Weekly Review: Weekly Review: Since 28th October 2015, Gold has continually made lower lows. However, on 16th November 2015, the daily candle made a higher low compared to the previous lows. Against this backdrop, we expect the current downward movements in the gold market to be | ||
2015 | EURUSD | GBPUSD | USDJPY |
04 Dezembro | Technical View: EUR/USD is currently trading with a very slight bearish bias. The pair traded long as previously forecasted and ended up closing along the red resistive trend line. Due to the massive upward movements witnessed during the previous trading day, we are very reluctant to go short, we | Technical View: GBP/USD is currently trading with a bullish bias. The pair ended up closing within the falling wedge and headed perfectly long as previously forecasted. Due to the just witnessed massive upward movements, we are very reluctant to go short at the moment, We will remain long with tar | Wave View: USD/JPY is currently trading with a bearish bias. The pair traded short but could not reach our target support 121.93, we still expect further downward movements to this support level during today's trading day. Ideally, wave (c) should close below wave (a) along the support 121.93. Th |
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30 Novembro |