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aediaz1 replied Mar 10, 2008Nice move indeed. Price having a little pause on a old TL;
Drawing correct resistance and support-lines
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aediaz1 replied Mar 10, 2008Updated 1h TL's. Targets are only based on previous high/low and .5200 as a round nr; Best of pips to you too.
Drawing correct resistance and support-lines
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aediaz1 replied Mar 10, 2008I have the same support-line as you. Looks like we're heading for a big move soon. Scrat; here you see an example of excluding a good drawing-spot, as it wouldn't make sense including that shadowfor resistance.
Drawing correct resistance and support-lines
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aediaz1 replied Mar 10, 2008I like to include shadows mostly because it includes more of the market swings and gives my patterns more space. But, tbh, I think it's a matter of preferred style, as I have seen people draw from open/close too, without any known failure. The ...
Drawing correct resistance and support-lines
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aediaz1 replied Mar 10, 2008I think closing of currently daily bar gonna provide us with a little hint on whats next. I'm very cautious shorting this pair, as the big money is always looking for buy setups. But I can't ignore what charts is starting to tell me, from lower TF, ...
Drawing correct resistance and support-lines
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aediaz1 replied Mar 10, 2008Well done. Let's see where this 1h candle closes;
Drawing correct resistance and support-lines
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aediaz1 replied Mar 10, 2008Glad to hear Scrat, and also for sharing your experience and chart with us in here !
Drawing correct resistance and support-lines
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aediaz1 replied Mar 10, 2008Noticing strong resistance at that level. A break above would be good for the upside.
Drawing correct resistance and support-lines
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aediaz1 replied Mar 10, 2008That eur/usd is in a very strong up-trend should not been taken lightly. As you say, the trend is up. I would love to see some numbers on how many traders have lost money trying to pick tops on this pair. But, looks like daily chart wanna tell us ...
Drawing correct resistance and support-lines
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aediaz1 replied Mar 10, 2008Looks like you got your candlestick Umairs

Drawing correct resistance and support-lines
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aediaz1 replied Mar 10, 2008Aud/usd ; have turned support into resistance on 1h, look how heavily it got re-tested !
Drawing correct resistance and support-lines
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aediaz1 replied Mar 10, 2008Thank you for the heads-up. A break from 1h could provide a good fall IMO.
Drawing correct resistance and support-lines
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aediaz1 replied Mar 10, 2008Here is 1h char for eur/usd, it seems that price is heading downward. Notice that price have just touched monthly support @ 1.5466 and reversed from here. Could we see a larger retrace ?
Drawing correct resistance and support-lines
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aediaz1 replied Mar 10, 2008That could really help the outlook for longs today.
Drawing correct resistance and support-lines
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aediaz1 replied Mar 10, 2008And why do you believe so? Hint: Chart. Statements like that is mostly confusing and non-educational, providing no-one with useful insight
Auslanco - GBP/JPY and GBP/USD (newstrade)
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aediaz1 replied Mar 10, 2008GJ; We had a breakout on 1h to the downside (about 55pips). Right now it went through this newly broken trendline.
Drawing correct resistance and support-lines
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aediaz1 replied Mar 10, 2008It seems that aud/usd is starting to move downward. But having alot of trouble with daily support-line.What I'm looking for now, is a breakout from daily chart. This week will hopefully tell us what's next

Drawing correct resistance and support-lines
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aediaz1 replied Mar 9, 2008Cable; Ascending triangle on 30m, so a establish above .0200 is the setup I'm looking for. We have been in a bullish trend for last (soon) 2 weeks, looking at daily chart, so I don't see why this should end today. That's why I'm looking for long ...
Drawing correct resistance and support-lines
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aediaz1 replied Mar 9, 2008Good Sunday! Gbp/jpy short-term: As long as support-line hold on 1h and price is channeling upward I'm still bullish. If lower TL fails, a drop down to 205 area (previous low) and after that 203.50 area, IMO. But, as stated, I'm still expecting ...
Drawing correct resistance and support-lines