Thread: Drawing correct resistance and support-lines

Watch Screenshot for more Of 30-Minutes chart. . .Good Powerful new's IMpact... I shut my Ranking for 30-Pips' Coz I know this up-coming new's was Important... As Im not a fundamental trader... DayTrader Technical... MayBe It Require a Back Retracement But Next Few Hour's are IMportant to Monitor... My Eye's are focused On 4-Hour Chart and it's breakdown...

Originally Posted by ;

Rejected

Noticing strong resistance at that level. A break above will be good for the upside.

Originally Posted by ;

Looks like you got your candlestick Umairs

Yupp!!!
Here You Got....
But also keep an eye on some strong fundamental till the end of the week...I ardently Believe on candlestick pattren and it's trading... Im also trading by means of this pattren but Just once I found all the trigger to place in a right direaction Candles...

just wanted to say this is a great thread.
And of course, could not help myself... here are 2 charts for g-j. I left the trendlines on h1 but made them dotted. As far as I see it, there are more opportunities to get a break upwards, to 209.50, however we need to clean 207 place first.
An h4 near below the dotted line will invalidate this situation.

Originally Posted by ;

just needed to say this is a fantastic thread.
And of course, couldn't help myself... here are 2 charts for g-j. I made them dotted although I left the trendlines. As far as I see it, there are more chances to get a break upwards, to 209.50, but we will need to clear 207 area first.
An h4 near below the dotted line will invalidate this scenario.

I wish I saw that about the GJ...

On behalf of, welcome!!! This includes those members of FF taking interest in this thread.

Just locked in some pips on EU, hope it will break 7th March low.

mARK

Originally Posted by ;

just wanted to state this is a great thread.
And of course, could not help myself... here are 2 charts for g-j. made them dotted although I left the trendlines. As far as I see it, there are more opportunities for a break upwards, to 209.50, however we will need to clear 207 area .
An h4 close below the dotted line will invalidate this situation.

Glad to listen, and also for sharing your experience and chart together with us !

Originally Posted by ;

I need I saw that about the GJ...

On behalf of, welcome!!! This includes those generous members of FF.

Only locked in certain pips on EU, expect it'll break 7th March low.

mARK

Well done. Let's see where this 1h candle closes;

Originally Posted by ;

That eur/usd is at a very strong up-trend shouldn't been taken lightly. As you state, the trend is upward. I would love to find some numbers on the number of traders have lost money trying to pick shirts with this pair.

But, looks like daily chart wanna tell us some thing (currently candlestick might look whole different when closed of course);

When it shuts reduced, thats a sure indication that the bears are in drama, 2green cnadles followed by 2 red candles is near perfect for a resistance indior, we watch and see, if it shuts lower I will even look to support from the 1.51ish region - but maybe not so hopeful of this as I feel that there are alot of bulls that cashed in last week and are taking a look at the very same regions of support that people are.

Will direct the way.

EJ analyzing down. . Seems like it had been rejected currently.



Yuna

Thank you and aiyahmarklah for the warm welcome. I'm watching this thread for some time, as my system is using trendlines as support/resistance (not just trendlines, but they're a very important component). And... since I am too idle to keep my thread, I use other people.
, I didn't have enough time to read all posts so I'll have to ask: do you use open/close values to draw trendlines? Or you?

Originally Posted by ;

Glad to hear, and for sharing your experience and chart together in here!