GBP/JPY - S/R levels 08 Sept. 2016 1 hour chart for daily entries All S/R levels has power to reverse the trade, but once broken with a closing candle Support will become Resist, and Resist will become Support. Only trade when levels are touch for the first time with a 15min engulfing candle to confirm the reverse. Do Not chase price, let the price come to...
Price has reached a strong resist zone, a correction towards the support levels below, and its possible for longer term, retreats all the way to the support zone show in this chart. Here was my last month's previous forecast of this pair, check it out if you have time: NZD/USD - 29 Aug. to 07 Sept. 2016 www.facebook.com You are welcome to add me as a friend...
This pair is now going through a pull back correction right now, we need to see if price manage to break and close below the support zone below or break the support of the 50 days MA line. if it does, then further low will be expected. But at the mean time, I will enter entries when I see a confirmation candle in 1 hour chart when it touches my support and resist zones.
Price has climb back up for a while, a correction is needed to gain a healthier up trend. but the pull back could be strong. Trade according to support/resist Zones when price reach the levels within the zone. For more details of how to trade my charts, please read here: www.facebook.com For my previous Forecast of this pair, you can visit here: www.facebook.com
This is one hour chart supports and resistances for average daily movement. use 2 to 5 min candle engulfing when price touches these support and resist levels. this one hour chart is design for 15min. trading intervals in a non financial news trading period.
Index broken the two months range and climb above the resist level last Friday, expect the range that was form in the last two months has become a strong support towards higher level for this month. But once index reach the resist zones, we need to be careful, as strong pull back correction could turn to a reverse trade. How to Trading my S/R lines and Zones...
Price has broken the MA and is heading downward, expect price would have small correction pullback when it reaches the support levels in green, thinker the support lines stronger the rebound. Sell the trade whenever the correction has complete confirm by turning support level into resist level by price break downward with closing 4 hour candle. entries can be on...
Price has reached my strong resist zone, a nice pull back down towards the support level should occur in the coming days.