stuartjohnston1981

stuartjohnston1981

Firstly I used the weekly chart to find support and resistance lines and then drew trend lines. I also identified areas of interest, which in this case had engulfing candles sticks. These candles sticks will need to be analysed to see whether they meet my criteria. If they don't they will be eliminated and therefore help identify the best entry point for my...

stuartjohnston1981

having looked at the Weekly and 4 hourly charts. I have found the entry point to be 1.03995. My stop loss will be 1.02673 which is the bottom of the most recent dip below the support line.

stuartjohnston1981

Having looked at the daily time frame (will need to be more careful next time), I managed use trend lines to find patterns. I used these trend lines to find support and resistance lines. When I completed this I looked at the 4 hour view, and repeated the process. I would set my entry point at 1.2786 which is currently the support line on the daily time frame. I...

stuartjohnston1981

Having looked at the week time frame, I managed use trend lines to find patterns. I used these trend lines to find support and resistance lines. When I completed this I looked at the 4 hour view, and repeated the process. To keep the trend lines easier to identify and compare, these trend lines are purple. New Support and Resistance lines are orange. From this...

stuartjohnston1981

Having looked at the week time frame, I managed use trend lines to find patterns. I used these trend lines to find support and resistance lines. When I completed this I looked at the 4 hour view, and repeated the process. To keep the trend lines easier to identify and compare, these trend lines are purple. New Support and Resistance lines are orange. From this...