S/R Trading

[popoola]

My commiserations G550. However It could have been worse as you said

c'mon let's get ready for next week.

[G550]

Originally Posted by popoola

My commiserations G550. However It could have been worse as you said

c'mon let's get ready for next week.

Thanks for the encouragement, Popoola. I appreciate it.

So what are your inclinations for the upcoming week if I may ask? I will have to review the pairs again and determine what impact their closing prices may have on general support and resistance levels. Interstingly enough, the Euro and Kiwi retracted to very close to where they have been for the last couple of days.

[popoola]

G550

We had a spike in the euro today to try to break out upwards. However it couldnt keep going. And it retraced , played around the 3370 area and then back down into the prevailing range. We might range a bit more. Certainly fundamental news will rule the day (or should I say week)

Can you believe the swissie held the 2080 area and bounced. That area is becoming as some solid serious support.

Range trading I would say will rule the day till we can break out again

[apfx]

USDCHF might be ready to break above

[G550]

What is that chart, Apfx? I feel as though I'm looking at market profile but not quite.

[apfx]

That is Point and Figure