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.
| 14 - 18 Setembro |
weekly
forecast 14 - 18
Setembro Gold weekly Analysis Technical View Since march 2013, gold has continually made lower highs finding resistance at the resistance trend line. Gold failed to break past the resistance trend line after the wave (c) bounced from the support trend line, instead gold moved only up to 1160.22 b | ||
| 2015 | EURUSD | GBPUSD | USDJPY |
| 18 Setembro | Technical View: EUR/USD is currently trading with a Bullish bias. It is anticipated that as long as the pair trades below the upper resistance trend line, long positions are anticipated, it is expected that wave (c) will rally upwards up to the resistance trend line or even higher. If the latter i | Technical View: GBP/USD is currently trading with a bullish bias. as long as the pair trades below the upper trend line, long positions are ideal, but only up to the trend line. Any movements above it will signal further movements to the upper side. Basically, wave (c) is expected to rally up | Technical View: USD/JPY is currently trading with a bearish Bias.we expected a clear breakout below the support trend line before short positions can be recommended. Otherwise, long positions should be ideal for the better parts of this intraday trades. Basically, we expected wave (c) to upward |
| 17 Setembro | |||
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| 14 Setembro | |||
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