These are the S/R Levels I keep an eye on for Thursday, January 9. Expect a pause or a complete Reversal at these Price Points. I use these levels to frame a Setup or to exit a Open Position. When EurUsd is not really the Currency Pair of your liking, I can add other Currency Pairs as well. Let me know in the comments which is your favorite Currency Pair.
Below the Recap of Yesterday - how did the S/R Levels hold?
Note: The boxes are Areas for Shorts and or Longs. I'm fine tuning this system at the moment. When I'm confident it will help you in your Trading I will start to publish them together with the S/R Levels. Give a Like if you would appreciate that and or Follow me to stay tuned!
As always: Happy Hunting, be Safe!
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I will pay extra attention when Price will trade in the areas below
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Nice bounce in the yellow area....lets see if we made the low of the Week yesterday and EurUsd will show some recovery today
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If not and Price breaks the yellow area, look for 'Support turns into Resistance" scenarios for a continuation move Lower
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After a difficult Thursday, where you can easily be burned in such zig zag Price Action, we had a nice NFP Friday. Not the typical Day I would trade, but of course I do look how the SR Levels hold which I draw Wednesday.
Hope your Week was good, have a nice Weekend and see you next Week. Monday's I usually do other things than trade, so I will publish my idea(s) as of coming Tuesday Morning just before London Open.