About meSR Wave Zones Trading Technique.
Created by K.K. Choi
These zones are drawn based on historical waves pattern created by previous candles. My unique style of charting.
USDCHF-Large Range Trading Zones
Price has been moving in large range for over 5 months between the two white lines here in this chart.
as power not show any clear direction of breaking these two range,
therefore, trade by sight using S/R zones as the entry indication for sells and buys.
Trading the S/R Zones
All S/R Zones has power to...
OIL-Direction with S/R Zones
Oil price has retreated since mid Aug. it has try to rebound back but close below the previous high, that is Low High but not yet a lower low. so let see how this 4 hour Triangle breakout structure develops. trade according to break out with a clear action candle above or below the shape.
Trading the S/R Zones for 4 Hour Chart ...
GBPNZD-Direction with S/R zones
Price drop back to previous low, could be a double bottom before a strong rebound, but if price drop through this support zone, further low towards the next support zone below.
Trading the S/R Zones for 4 Hour Chart
(4 hour chart for weekly entries of buy and sell.)
All S/R Zones has...
EURUSD-Direction with S/R Zones
Price has broken the Day Triangle structure and is now closed candle below the bottom support, expect price to seek further low towards the first support zone. if break support zone further low.
Two possible Scenarios, depends on how market react once price reach those zones.
Price has climb for a long while, its time for a nice reverse, if price manage to break zones, as each zone has power to turn trade around, therefore, there are four scenarios that this pair could go in the coming weeks.
Trading the 15 min Mini S/R lines
All S/R lines has power to reverse the trade, but once broken with a closing candle Support will become Resist zone, and Resist will become Support line.
Only trade when levels are touch for the first time.
Do Not chase price, let the price come to the S/R lines before entries, once touch...
Big moves of up and down for this one, many experts expect this to go down, but my forecast for this pair was expected to climb further high.
The previous movement of this pair was forecast in my Facebook Forecast Album you can view here:
EUR/USD - DIRECTION FORECAST - July to Sept. 2016
New Trading Strategy that can forecast moving direction and levels of S/R...
GBPJPY - Range trade according to zones
Trading the S/R Zones
All S/R Zones has power to reverse the trade, but once broken with a closing candle Support zone will become Resist zone, and Resist zone will become Support zone.
Only trade when levels in zones are touch for the first time with a 1 hour engulfing candle to...