Drawing correct resistance and support-lines - Page 34
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Thread: Drawing correct resistance and support-lines

  1. #331
    Quote Originally Posted by ;
    yea, I close half of my positions and shift sl to BE when I saw price stalls at fibo 50.

    Well done! I am not taking any more positions before usdjpy breaks over 104.15.

  2. #332
    GJ update, 1h.

    I add; I've a significant dejavĂș at the moment. When I purchase this fork like lines, price will sooner or later examine lower portion of it. I hope that I am wrong because I am pretty tired of the 203.50-205.50 place now lol.

  3. #333

  4. #334
    Quote Originally Posted by ;
    It is correct?i draw today.
    A guideline ; if a line is analyzed two times, they are probably valid. Based on that information and how I draw my lines (in the beginning of this thread) you've got the answer

    This is what I see on aus/usd;

    Price reached high of station onto both 1h and 4h.


  5. #335
    ,

    I suppose u took profit currently?

    mARK

  6. #336
    Can you draw res and supo ? I want to compare with my chart which I posted

  7. #337
    Quote Originally Posted by ;
    ,

    I suppose u took profit currently?

    MARK
    Closed half of the rankings. Gonna open more when we brake above 104.15 on usdjpy (first on usdjpy then on gbpjpy when the situation seems right).

  8. #338
    Quote Originally Posted by ;
    can you draw res and supo on eurusd 1h? I would like to compare with my chart which I submitted
    I really don't have any upgraded lines onto eurusd (gonna wait and find out how price reacts to weekly service around 1.5353 and hopefully form a top there). I'd 1 chart posed earlier now should you look back several pages. It's broken but it may give you an idea how it may be drawn

  9. #339
    When you find a candle with tail do you consider the candle or the tail?

  10. #340
    Quote Originally Posted by ;
    when you find a candle with large tail do you think about the tail or the candle?
    I do, if it appears logical. This way include more of the market swings. But if a few significant news affected/provided this tail/shadow I would not. I believe this is a question of private option. I have not seen failure in any of those 2 approaches but I favor such as shadows.

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