Thread: Drawing correct resistance and support-lines

On cable, I really don't see much support until 9615 area. Really heavy examine

works well, sometimes the easiest approach is the very best approach! Time will tell.

Ok, thanks anyhow. I believe she turns down after UJ bounces from 108.15, well, if it stinks. Cable is turning. So 212.40 might be a fantastic amount to go brief, if she gets that large.

Originally Posted by ;

Have done some EW launching myself, but only using AB=CD pattern and on 1h-4h chart supported by Fibonacci drawing. So my comments on a chart could be unworthy.

As we talk, price is pushing more powerful for north. I am not taking any places unless this explode up to 213 (short position) or going down to 210.70 area. And of course if price break resistance, re-testing it, and continue its tendency.

Originally Posted by ;

Ok, thanks anyhow. I think she turns down once UJ bounces from 108.15, nicely, if it bounces. Cable is turning. So 212.40 could be a fantastic level to go short.

Yeah looks like UJ gonId turn. Its struggling with 1h resistance and also the down-side start to appear tempting IMO.

Here's my cable chart, rebounding from resisting tl...

Originally Posted by ;

On cable, I do not see much service until 9615 place. Really heavy examine

works well, sometimes the simplest way is the best way! Time will tell.

Originally Posted by ;

Here is my cable chart, bouncing from resisting tl...

Excellent resistance, I'm adding that to mine 1h (have reinstalled mt4, and so I lost all of my lines( sadly ).

By the way, if price set above london pivot on cable (.9666), I'll cancel my shorts and begin looking for upside opportunities.

GJ: I'm looking for a short around 213 place, based on 1h resistance.

Originally Posted by ;

Yeah looks like UJ gonna turn. Its fighting with 1h resistance now, and the down-side begin to appear IMO.

Broken. Appears to be more bulls. Whether online is currently turning into support, let us see.

Hi all, jus wanna discuss a view on GJ. Attached is a daily chart of GJ since nov.. First we have a triangle, and then a down break of the triangle, followed by a retest of the trendline in the triangle that support turned into resistance. Trend continuation. What occurred next is that the following triangle is formed and it is close to a breakout shortly. Will history repeat itself breaking downwards of the triangle?or maybe a upward? Btw I draw on my nickname out of line chart.

Aspire to hear ideas and remarks from traders out there!

Yuna

there's a good change to brief cable, it just crossed the encouraging tl... euro is moving into the south also...

Had to alter GJ's yesterday EW counting (that is the issue of EW, you are never going to know if a counting is right, just afterwards - or maybe it is just my lack of experience, duh?) And it now looks okay to me. There's 1 A-B-C missing between 5 and A, wanted to save some letters...

If GJ would be in an uptrend, we ought to count down just utilizing 1-2-3 pattern, but as I believe that she's ranging, I'm going to try again do the 1-2-3-4-5 count. Let's see how it works out.

2 and 1 are already in place, and 3 is likely somewhere round 211...