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.
| 15 - 19 Maio |
weekly
forecast 15 - 19
Maio Oil weekly Review: Wave Analysis: During the previous trading week, the Crude oil rose to the upper side and is still showing possible momentum to the upper side. During this week we expect a rise towards the resistance line 52.02 from where we'll be looking for possible low risk sell opport | ||
| 2017 | EURUSD | GBPUSD | USDJPY |
| 19 Maio | Wave Analysis: For almost a week, this pair has been rising but is currently rallying around a key monthly resistance line 1.1248. As long as this resistance line protects any invasion to the upper side, we expect a possible rebound from this level to sell this pair at the least risk. The anticip | Wave Analysis: The cable is currently trading with an increasing bullish bias. Following break above 1.2770, we expect further momentum to the upperside, thus, as long as the pair remains above 1.2770, we expect a possible bullish price rally towards 1.3101 or even higher. We expect the current u | Wave Analysis: During the previous trading day, rose to the upper side despite our expectation. We expect this upward to be a mere pullback and should not break above 111.94 from where we'll be looking for low risk sell opportunities. ideally, the current upward rally is a correction of the impul |
| 18 Maio | |||
| 17 Maio | |||
| 16 Maio | |||
| 15 Maio | |||
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