More chances for a bearish continuation, what is confirmed by a recent multi time frame price action research, and important level zones
NEXT WEBINAR (LONDON TIME): 21/07/16 10:00 www.youtube.com/watch?v=7C7fb5C-...
How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.
Currently there are no clear patterns on a chart (it doesn't mean that there are no level limit entries and places for stop entries)
We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
1H NR4
4H WR4
4H WR7
1W NR4
1W NR7
Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level R4 1.11540
Option level R3 1.11010
Option level R2 1.10570
Option level R1 1.10300
Option level S1 1.10130
Option level S2 1.09760
Option level S3 1.09290
Option level S4 1.08620
Session (current session only) levels:
r3 1.11388
r2 1.10976
r1 1.10564
p 1.10180
s1 1.09768
s2 1.09384
s3 1.08972
I really hope that sharing of my routine with you, will help you in your trading.
Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.
Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
NEXT WEBINAR (LONDON TIME): 21/07/16 10:00 www.youtube.com/watch?v=7C7fb5C-...
How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.
Currently there are no clear patterns on a chart (it doesn't mean that there are no level limit entries and places for stop entries)
We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
1H NR4
4H WR4
4H WR7
1W NR4
1W NR7
Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level R4 1.11540
Option level R3 1.11010
Option level R2 1.10570
Option level R1 1.10300
Option level S1 1.10130
Option level S2 1.09760
Option level S3 1.09290
Option level S4 1.08620
Session (current session only) levels:
r3 1.11388
r2 1.10976
r1 1.10564
p 1.10180
s1 1.09768
s2 1.09384
s3 1.08972
I really hope that sharing of my routine with you, will help you in your trading.
Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.
Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
