Thread: Drawing correct resistance and support-lines

Originally Posted by ;

About time if you ask me !


50% fibo correlate with 1h trendline. Let us see price reacts to that lvl.

Originally Posted by ;

POSSIBLE pull-back lvl; 208.47 area looking at 1h chart. Hm. . 208.47 sounds familiar Karmo will you help me out?

AH! I understand.

Looks how fibonacci works perfectÍ bought at1.9884. I believe that I bought quite afterwards but I left profite in least.Next goal at 2.0232.

Originally Posted by ;

Looks how fibonacci works perfectÍ bought at1.9884. I believe that I bought quite later but I left profite in least.Next goal at 2.0232.

Hello CIORIMAU, a wonderful run had on cable ! but be aware that trading solely on fibo is risky, it's better to unite with trendlines and SR lines.

Yuna

It's One Of My Favourate Thread As associated with my style of trading... I Will Glad to post my Analysis additionally...

Originally Posted by ;

It Is One Of My Favourate Thread As related to my manner of trading... I'll Glad to post my Analysis additionally...

Glad to hear Umairs, and we'd love your tests in here!

Hello fellow traders, its been sometime since I last posted.

Total I'm seeing more weakening of the US dollar, favoring CHF YUAN YEN in the moment from a longer term perspective. Likely more US FED rate cuts to come. Oil prices dont appear to be slowing down.

A recap EU and UJ weekly chart below.

As for EUR/JPY they're caught between a strengthing Yen and even stronger Euro, it might be interesting to see how things develope for this particular pair, complete I'm bullish.







All the very best for this week, I'll be hanging about to find out and share any insights you wonderful individuals so generously provided. Until then...


Regards

mARK

Originally Posted by ;

analyzing signature

Means exactly what - if you don't mind sharing the specifics?

Originally Posted by ;

Means what - if you don't mind sharing the specifics?

My apologies it meant nothing, needed try the signature item at the end of each posting.

Great Sunday!

Short term: Provided that support-line hold on 1h and price will be channeling upward I am still bullish. If reduced TL fails, a drop down to 205 area (previous low) and after that 203.50 place, IMO. But, as stated, I am still expecting upward movement targeting 208.47 (50 fibo) and 209 (trendline) as possible resistances.

Cable; Ascending triangle on 30m, so a establish above .0200 is the setup I am looking for. We've been at a bullish trend for last (soon) fourteen days, considering daily chart, so I don't see why this should end today. That's why I am looking for setups.