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.
| 23 - 27 Novembro |
weekly
forecast 23 - 27
Novembro Gold weekly Review: Weekly Review: During the course of Friday session, gold rallied up but only up to $1068.20 before forming a bit of a shooting star. This shooting star is pretty much bearish and a break below $1073.20 will confirm this anticipated downward. Should the latter b | ||
| 2015 | EURUSD | GBPUSD | USDJPY |
| 27 Novembro | Wave Analysis: EUR/USD is currently trading with a slight bullish bias. The pair traded short during yesterday's trading day but could not close below a daily support 1.05650. We are waiting for further downward movements towards this level before we can go long. As long as the pair trade above t | Technical Analysis: GBP/USD is currently trading with a slight bearish bias. Pound failed to close within the triangle, instead it bounced off from the lower green trend line and is currently heading short. A break below 1.5065 will mean further downward movements probably up to below 1.5027. In | Wave Analysis: USD/JPY is currently trading with a slight bearish bias. We expected further movements toward the resistant level 123.61. Ideally, wave (b) should end at 123.61, or slightly above it to 123.75. Traders trading this pair should observe other pairs such as HKD/JPY, GBP/JPY, and EUR/J |
| 26 Novembro | |||
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| 23 Novembro | |||
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