Thread: Drawing correct resistance and support-lines

Originally Posted by ;

Pennant marks the midway stage in a move. Since gbp/chf on that time-frame just moves up and down, I wouldn't call it an ideal one. Best examples is when you've got a powerful bear/bull move and then it happens. As we had on the example that is gbpjpy today.

I visit. anyhow the news has caused some effect on USD.

Yuna

,

GY retest of asia high ?

Looking more yummy...

expect everyone made some pips only now.

Cheers

mARK

Originally Posted by ;

,

GY retest of asia high ?

Appearing more tasty...

hope everyone made some pips only today.

Cheers

mARK

Aye, have a peek at 1h chart, ascending triangle;


When this breaks, I'm searching to get 160pips . Watch out for US ISM Non-Manufacturing Composite in 10mins!

Yes...I suspect it will take place in later half of NY session.

mARK

I hope you got some piece of this ride.

Originally Posted by ;

Aye, take a peek at 1h chart, ascending triangle;


If this breaks, I am looking for 160pips . Watch out for US ISM Non-Manufacturing Composite in 10mins!

, un?



Yuna

Originally Posted by ;

I hope you all got some bit of this ride.

I wasnt ready to react,it occurred so fast!i was off for a while and it up. I jumped after it broke R1 to get a scalp of 50 pips.

Originally Posted by ;

, u long already?



Yuna

Had a minor limitation buy order on 205.60. Still, its own pips I have been aiming for 208.47 as initial goal (50% retracement on 4h chart) and 212 as second goal on a long-term basis. Here is some previous charts I have posted;

Originally Posted by ;

I wasnt prepared to react,it occurred so fast!i was off for a little while and up it goes. I jumped after it awakened R1 for a scalp of 50 pips.

That is very good! Ensure that you keep near when big news is coming up

Originally Posted by ;

Aye, take a look at 1h chart, ascending triangle;


If this breaks, I'm looking for 160pips . Look out for US ISM Non-Manufacturing Composite in 10mins!

3 pips away from 160:/