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.
02 - 06 Novembro |
weekly
forecast 02 - 06
Novembro Gold Weekly Review: Weekly Review: For the past Three weekly starting 15th October 2015, Gold has continued trading short with barely any support. On 28th October, the Gold markets formed a perfect downward signal pushing the market further down to 1137.81. Following this massive downw | ||
2015 | EURUSD | GBPUSD | USDJPY |
06 Novembro | Technical View: EUR/USD is currently trading with a slight Bullish bias. The pair is currently on a corrective upward move. We are waiting to sell from 1.09053 but with our stop loss at 1.09350. This impending downward movement is highly anticipated since other positively correlated pairs such as | Technical View: GBPUSD is currently trading with a very slight bullish bias. The pair traded short for the better parts of yesterday's Intraday as previously forecasted. It even ended up closing below a very significant key support level 1.5238. We are waiting for a minor corrective move upwards pr | Technical View: USD/JPY is currently trading with a slight bearish bias. The pair traded long as previously forecasted but could not closer above 122.047. The pair is currently on a downward corrective move towards 121.44. We are looking to buy this pair from 121.45, but with our stop loss at 121 |
05 Novembro | |||
04 Novembro | |||
03 Novembro | |||
02 Novembro |