Thread: Drawing correct resistance and support-lines

Since I said In my very last Article appear's breaKdown in 30-Minutes and it did fall's down to 16-Pip's but again retraces back coz of reversal candle in a 30-Minutes chart... see the screenshot of AUD/USD...
And roughly USD/CAD I also said I was awaiting an important breakdown in 4-Hour chart... I found a breakdown in a 30-Minutes chart but close my place for only some pip's coz I found a revesal candle inside... but I said im awaiting some important breakdown if it happened then this pair will drop down again and see it is four hour chart... breakdown accured and drop's for nearly 80-Pip's a good solid breakdown...
Being a day trader I prefer to enter in a good short term's transactions... During 30-Minutes chart if the trend is in my favor. . .see that the screeshot's...

WeLL come back Aediaz

Both pairs refused to break previous day high, but its only first effort. Just like asking a woman out first time refusal doesn't mean much, second effort may prove your sincerity, third time-she may be impressed with your conclusion time. . .you piss off her

Originally Posted by ;

EUR/USD update...

Broke resistance, evidently it's also the asia session high, 50 pips at less than 1 hour and still running...

Gd evening/afternoon everybody!

I believe new plays a role too.

Yuna

Cable is analyzing powerful res at 2.0200 area

Originally Posted by ;

Since I said In my very last Post seem's breaKdown in 30-Minutes and it did drop's down for 16-Pip's but again retraces back coz of reversal candle at a 30-Minutes chart... see the screenshot of AUD/USD...
And roughly USD/CAD I also said I was waiting for a significant breakdown in 4-Hour chart... I found a breakdown at a 30-Minutes chart but shut my position for just some pip's coz I found a revesal candle in it... but I said im waiting for some significant breakdown if it happened then this pair will fall down again and see it's four hour chart... breakdown accured and shed's for almost 80-Pip's a fantastic solid breakdown...
Being a day trader I always like to enter a fantastic short term's trades... During 30-Minutes chart if the tendency is in my favour. . .see that the screeshot's...

Where is the reversal candle you speaking about? I mean what's the standard candlestick pattern look like in terms of your analysis in these pairs?

Thanks

We also see an ascending triangle on. .

Originally Posted by ;

Since I said In my very last Post seem's breaKdown in 30-Minutes also it did drop's down for 16-Pip's but retraces back coz of reversal candle in a 30-Minutes chart... see the screenshot of AUD/USD...
And about USD/CAD I also said I had been awaiting an important breakdown in 4-Hour chart... I also found a breakdown in a 30-Minutes chart but close my place for just some pip's coz I also found a revesal candle in it... but I said im awaiting some significant breakdown if it occurred then this pair will drop down more and see it is four hour chart... breakdown accured and drop's for almost 80-Pip's a good solid breakdown...
Being a day trader I prefer to enter a good short term's trades... During 30-Minutes chart if the tendency is in my favour. . .see that the screeshot's...

Hello Umairs, for the AU, I think the modification candle is because service was found at previous trendline see 4H chart





Yuna

Originally Posted by ;

Hi, good to see you holding the ribbon moving! Many pleasant articles and charts.

I expect someone made some fantastic pips on GJ.

My fibs is the sole r/s I have in play right now. And price reversed by 100 pips when hitting 38.2% Targeting 208.47, 50 percent.

Welcome back! We are keeping ur thread alive when u r away

Yuna

Originally Posted by ;

Gd evening/afternoon everyone!

I think new plays a role also.

Yuna

Yes I feel too , typically I bo chap (ignore) the news. Then I keep out But when I find them to be important enough to disrupt all technical observations. The long term view of GBP/USD is weak, considering the downswing is bigger than all downswings, they may be in a replica of a major downtrend. . .below is a weekly chart

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