This support area is look like the GBPJPY one,
But the effect is different,
I am very optimistic about it because of the price action is very different from GBPJPY one,
Up,down,up~neat and move fast,
So if you are a swing trader,you should keep in mind it,and it may give you a suprise.
As you can see the daily chart of GBPJPY,
A good support area down there,
So mang people at my side is think that is a good chance to long and no doubt to it.
But I don't think so.
The reason is very simply,because the price spent too much time above the area.
So what I think is,if this area is a strong one,the price should not stay here for so long.
Hi everyone,long time no see,beacuse of Spring Festival,I'm busy for doing my housework.
And now,here,please allow me to send my best wishes for you.
Hope you guys make big money in the future no matter long or short.^_^
Return to the topic,let's look at the 15M chart of GBPAUD.
As you can see,the green zone down here may a strong support,
We try to buy it with a...
AS YOU CAN SEE,
USDJPY AT 118.634 HAS BEEN TESTED TWICE,
NOW THE PRICE IS NOT CREATING A NEW HIGH,
THAT IS A SINGLE OF LONG POWER IS WEAKER AND WEAKER,
NOW USDJPY AT A HIGH POINT,
DON'T MISS THIS CHANCE,
AND LET'S KEEP WATCHING PRICE ACTION AND FIND A THE SHORT CHANCE AT 30 CHART.
As you can see,
XAGUSD tested the green structure three times,
It is going to test fourth times,
As a chinese said:not to do anything more than three times,
I think that this time this resistance position will be broke,
Silver is creating new higher high,
So we should long it when the price broke this position and pull back and stand firm.
Two plan here: