Thread: Drawing correct resistance and support-lines

Originally Posted by ;

Yes I feel too , usually I bo chap (dismiss ) the news. But when I find these to be important enough to interrupt all observations that are technical I keep out. The long-term perspective of GBP/USD remains weak, taking into consideration the downswing is bigger than all preceding downswings, they may be in a replica of a major downtrend. . .below is a weekly chart

Many Huat pips to you today

Hahaha, the news makes analysis bei zun(not accurate). I believe in the very long term Cable is weak also, but as a result of the US recession which makes USD feeble.

Thanks, Huat ah!
Yuna

Originally Posted by ;

Hahaha, the news makes analysis bei zun(not accurate). I believe in the long term Cable is weak too, but as a result of the US recession which makes USD weak.

Thanks, Huat ah!
Yuna

My buddy do not bank on US recession, historically, election years are bullish, especially in second half of the year. The USD may be strengthened in the months to come.

caveat emptor

Cheers

Originally Posted by ;

Hello Umairs, for the AU, I think the reversal candle is since support was discovered at previous trendline watch 4H chart





Yuna

Yes Yuna right You got. . .well see my Post . . .In that I have clearly pointed concerning revesal candle in chart. . .well also I wana tell you something that the effects of reversal candles in 30-Minutes and not as isn't much I mean more than 30/40 Pip's and depend's... The actual and strong effect of revesal candles is starts out of 1-Hour to more tf's...
Preety High Impact. . .Also 30-Minutes and less Tf's reversals' are temperory reversal's but my SL is as a day trader only -30--40 Pips don't avoide to carry on following reversals in 30-Minuts...
Now we have something intresting around AUD/USD in 4-Hour Tf... look's it will show some bearish movement. . .Let's view...

Originally Posted by ;

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

Thank you

View My Article No # 571, 579 591....with screenshot's...
Hope that you will find your solution in detail... Im a preety conscious about this candlestick pattren's and it also assist me alot for my Ex entrance and exit stage's...
nicely Buddy ur Nick is quite hard to spare in my mind. . .As you're a daily subscriber of this thread... I,ll call You just Aiya from now Okay lol ....Kindding....
Well must see screenshot's...

Originally Posted by ;

My buddy don't bank on US recession, historically, election years are bullish, especially at second half of this year. The USD may be strengthened in the months ahead.

Caveat emptor

Cheers

haha we'll see how it turns out. . Anyway I dont believe the impact on us will be too enormous trigger we dont trade longterm

Yuna

Originally Posted by ;

And the tokyo low now was really the weekly pivot.



Yuna

Originally Posted by ;

Yes Yuna right You have. . .well see my Post . . .In which I have pointed concerning revesal candle in 30-Minutes chart. . .well additionally I wana tell you something that the impact of reversal candles in 30-Minutes and less is not much I mean not over 30/40 Pip's and depend's... The real and robust impact of revesal candles is starts from 1-Hour to more tf's...
Preety High Impact. . .Also 30-Minutes and less Tf's reversals' are temperory reversal's but my SL is as a day trader just -30--40 Pips don't avoide to carry on following reversals in 30-Minuts...
Today we've got something intresting around AUD/USD in 4-Hour Tf... look's it will show some bearish movement. . .Let's watch...

Umairs, this really is exactly what it looks like in my 30 min chart, there is still service in the previous trendline currently. . At chart I visit a nice doji. Is tt what really mean?? By the Now we've got something intresting around AUD/USD in 4-Hour Tf... seem's it will show some bearish movement. . .Let's see...

Originally Posted by ;

Along with the tokyo low today was actually the weekly pivot.



Yuna

Love it !! One target many ways to find it

Well well, I wonder why I even bother to close my EU longs