USDCAD – Price might break channel and then follow up move higher Trend: Strong Buy Support/Resistance: R3: 1.33922 R2: 1.33454 R1: 1.32800 S1: 1.32721 S2: 1.32339 Price action: Buyers rebonded from the channel, but still we don't know if sellers will react, so we need first answer from sellers. If buyers are able to break channel and hold above then we...
This method will save your time to determine where are the powerful S&R levels for any instrument. It can be used for the continuous chart or the monthly chart. It will also help you to entry, set the stop loss and profit target levels, even if you are using other methods such as Elliott Wave Theory, Harmonic Pattern, Market Geometry (the pitchfork), Demand &...
Howdy Yall! Today on The Support Line we are going to walk through Price Action, what it means, and how to find a trend using nothing but the price action. Furthermore its going to help us keep our charts clean, and can help us remove some silly indicators which we may not need! Whoa! Remember, if you click the share button towards the top right of this...