MTForexBook

MTForexBook Updated 

A lot of reactions at marked line with stars...more so than what most people see as support with only two reactions. Could come to test marked resistance bars vs downward trend line. Currently working above key reaction line mentioned.

MTForexBook Updated 

Potential to reach weekly resistance line.

MTForexBook

We are at a horizontal support/resistance with many reactions dating back quite a bit. It looks to be back-testing an ascending trend line. However, that trend line does not have 3 clear reactions which would make me most comfortable. So, i'd look at the next couple of 4H closes to determine direction.

MTForexBook Updated 

This one could be interesting. Once our key support was broken, it was never retested. We're now at support from earlier in the year. Could it retrace to retest that broken support? We've got a trend line with 3 reactions. If it breaks above and retests, we could go up to retest.

MTForexBook Updated 

Potential for a retest of minor upward trendline or a direct shot to major weekly resistance line. Looking for pullback afterwards.

MTForexBook Updated 

We've got a pretty decent trend line with a number of reactions (stars). We've reached the trend line again. Is it going to continue down (we're retesting the break) or will it bounce back up?

MTForexBook Updated 

Seems to be a clear horizontal line of activity (stars). It backtested ascending trend line, fell to support and now looks to be heading towards potential major weekly resistance lines. I'm assuming a short-term upward move, pullback to retest and then up to said trend lines.

MTForexBook

Clear support/resistance line (where stars are; goes back further on weekly/daily view). It looks like we're stuck in a tiny little channel. Once it breaks above, if it does, we could go test an average of the previous highs.

MTForexBook

We're right at a very important "center" line within a larger channel (zoom out to daily or weekly); a lot of clear reactions. If we close above trend line, we could begin forming a H&S (only a guess at the moment). If we break below we could test the "minor" trend line (only two reactions). And, then a possibility to head to the "depths."

MTForexBook

We have a number of reactions on this horizontal line. We have broken down. The next 4H bar could determine if we go back up into channel or down to a very active weekly support.

MTForexBook

We have what looks to be two options. Triangle or horizontal channel (marked with stars as reaction points). If price breaks back into triangle, it could head to top of channel. If price falls back after touch bottom of triangle (currently retesting) we could be going down far.