Purple arrows = Resistance
Orange arrows = Support
We can see 2 very strong zones that have been used as support ( blue box ) and resistance ( green box )
Fridays daily candle entered this zone and couldn't break it then bounced as expected off such a strong level, We can see price making a good push to the upside and eventually reaching our resistance zone which is where out TP will be placed, This trade should catch around 100 pips.
We believe to truly see what direction price is going to move you must look at all timeframes ( the higher the timeframe the more reliable the setup ) If you go and look at the weekly chart on this pairing you will see a bullish candle formed also failing to break and close below this support zone, So we should see a lot of buying power ( bullish movement ) at the start of this coming week.
See how easy it is to spot these levels? and how well respected they are? I think that if you cant see them then you must be using your laptop for w@nk#ng... because the old saying is too much of that good old wrist movement makes you blind ;p ( I'm not speaking from experience )
Orange arrows = Support
We can see 2 very strong zones that have been used as support ( blue box ) and resistance ( green box )
Fridays daily candle entered this zone and couldn't break it then bounced as expected off such a strong level, We can see price making a good push to the upside and eventually reaching our resistance zone which is where out TP will be placed, This trade should catch around 100 pips.
We believe to truly see what direction price is going to move you must look at all timeframes ( the higher the timeframe the more reliable the setup ) If you go and look at the weekly chart on this pairing you will see a bullish candle formed also failing to break and close below this support zone, So we should see a lot of buying power ( bullish movement ) at the start of this coming week.
See how easy it is to spot these levels? and how well respected they are? I think that if you cant see them then you must be using your laptop for w@nk#ng... because the old saying is too much of that good old wrist movement makes you blind ;p ( I'm not speaking from experience )