Drawing correct resistance and support-lines - Page 60
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Thread: Drawing correct resistance and support-lines

  1. #591
    Quote Originally Posted by ;
    WOOW This Pair is busting a few good resistance level's and honestly speaking I was anticipating it to drop but technically talking watch the screenshot... 45-Pip's Max. Breakup Transfer is there in 4-Hour chart...
    uMAIR, I DONT UNDERSTAND WHY YOU DREW THIS SUPORT TRENDILINE THAT TOUCH JUST IN ONE CANDLE.I THINK UOU HAVE TO TOUCH IN TWO CANDLES AT LEAST.AM I WRONG?

  2. #592
    Quote Originally Posted by ;
    Let's see if 50% retains;
    Take a look my buddy!!!! What do you believe??? UP OR DOWN?? That is why I like using fibonacci!!!

  3. #593
    Quote Originally Posted by ;
    Have a look my buddy!!!! What do you think??? UP OR DOWN?? That is why I like using
    I will start thinking if price is going down to 203.44 area

  4. #594

  5. #595
    Quote Originally Posted by ;
    UMAIR, I DONT UNDERSTAND WHY YOU DREW THIS SUPORT TRENDILINE THAT TOUCH JUST IN ONE CANDLE.I THINK UOU HAVE TO TOUCH IN TWO CANDLES AT LEAST.AM I WRONG?
    Hey I did not know ur query Much..But see the screenshot that why I draw this successfull trendline in AUD/USD 4-Hour chart... A successfull breakup is there for almost 100-Pip's. . .Well As far as I know that why I draw a trendline that touches just a single candle Proper...???
    But friend see it's significance it turned out to be a strong line as candle touches and bounces back for almost 200-Pip's. It isn't necessery that there must be one candle after neglects to break that how much the candles bounces back. like here. . .Also see the screenshot you may know that how valid I draw them as after the breakup it moves for 100 Pip's alomst...

  6. #596
    Umairs,

    exactly what state you on GU?

  7. #597
    Quote Originally Posted by ;
    umairs,

    Exactly What say you on GU?
    Still Bullish. . .reason is the weekly chart... A CLEAN split is there... More than 400/500 Pip's... Maybe we might found some short term short trade apportunity via 30-Minutes chart but maybe not for much pip's... But im now waiting for a few significant breakdown from 4-Hour chart. . .if it did than bearish side might got some great boast. . .Otherwise remain's bullish. . .See The equally screenshot's...


  8. #598
    Quote Originally Posted by ;
    Still Bullish.. .reason is your weekly chart... A CLEAN breakup is there... Over 400/500 Pip's... Perhaps we may found some short term short trade apportunity through 30-Minutes chart but maybe not for much pip's... However, im now waiting for some significant breakdown's from 4-Hour chart. . .if it successfully did than bearish side may obtained some great down boast. . .Otherwise stay's bullish. . .See Both screenshot's...
    yeah... I neglected to properly viewing weekly breakoff. . It wasnt a great one for me personally and that result the collapse as of now. . I should reevaluate more on it larger time period because theres break out on tf. . hurm. .

  9. #599
    Most currencies strength are given by a weak dollar, no indications of anything changing shortly . . .hopefully a correction. Below is a weekly USD index chart



  10. #600
    Quote Originally Posted by ;
    Most currencies strength are given by a weak dollar, no signs of anything changing soon . . .hopefully a correction. Below is a weekly USD index chart


    Good reading why dollar plumps; http://www.bloomberg.com/apps/news?p...2FqYrefer=home

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