usdjpy support and resis Support and resistance is one of the most widely followed technical analysis techniques in the financial markets. It is a simple method to analyze a chart quickly to determine three points of interest to a trader: The direction of the market. Timing an entry in the market. Support is a price point below the current market price that...
Plotting Support and Resistance Levels One thing to remember is that support and resistance levels are not exact numbers. Often times you will see a support or resistance level that appears broken, but soon after find out that the market was just testing it. With candlestick charts, these “tests” of support and resistance are usually represented by the candlestick shadows
Support and resistance are highlighted with horizontal or angled lines, called trendlines. If the price stalls and reverses in the same price area on two different occasions in succession, then a horizontal line is drawn to show that the market is struggling to move past that area. In an uptrend, the price makes higher highs and higher lows. In a downtrend, the...
NOW CURRENTLY DOUBLE TOP FORMATION ITS MEAN PRICE WAY BACK DOWN ALSO 50% FIB LEVEL DOWN TREND
#UKOIL (Intraday Perspective: Downside pressure below 40.36) Priceas expected, traded lower and is still holding below moving average. As long as price is holding below 40.36 resistance, it is still possible to see a medium probability bearish scenario where sellers can come in and push price towards 39.33 support. 39.33 support is a possible platform for buyers...
Resistant levels of consolidation 5times resistant now
now at the time 4 times touched resistance level back to drop
RESISTANCE BREAK BELOW ALSO 50% FIB NEXT WEEK GOING TO BE MORE DROP EUR
DXY IS GOING TO DROP EUR ALSO STRONG ITS MEANS USD MOVE UP SIDE AS WILL AS TECHNICAL RESULT IS EURUSD MOVING UP SIDE DIRECTION
OUTLOOK FOR THIS COMING WEEK NOW RESISTANCE ZONE DOUBLE TOP FORMATION HAS BEEN CREATED ALSO AS WILL AS 50% FIB LEVEL HOPEFULLY DXY GOING TO DROP THEN... USD... PAIRS GOING TO FLY
do you wanna make money in forex market flow the one rule only analysis your chart your own way clean chart for batter understanding look here my chart i think dont wanna requirement for exaplanation what is happening