203.50 area is previous low, I'm pretty sure we could see some sort of a bounce from here. But if price is rushing past it without any reaction I will of course don't take a long. Usd/chf; Your lines does look valid (purple). I thing to check if it ...

Drawing correct resistance and support-lines

Don't pay too much attention on smaller tf's, but if price breakout from this 15m pennants, we should see a drop down to 203.60 area and a break to the upside could generate more buyings, IMO. Update: Broken, lets see if 15m can generate some pips

Drawing correct resistance and support-lines

Your right about 203.50 and 205.50. I'm looking for a retrace to 208.47 area (50% fib on 4h), second target 213 (if 203.50 area holds of course).

Drawing correct resistance and support-lines

Agree, think we have pretty much similar chart on daily.Weekly chart state the same as daily.

Drawing correct resistance and support-lines

Thank you for sharing this with us. It really gave me appetite to dig into this again. As mentioned, I haven't paid much attention about Asia session, TBH. I also see the value of knowing if a pair is "exhausted" when it comes to a crucial breakout ...

Drawing correct resistance and support-lines

Update on audusd.

Drawing correct resistance and support-lines

Educational, Mark. The aspect you bring up here could tell you how big movement to expect from a break-out. I like your approach. I'm gonna keep an eye open on some pairs to see how it works, I like the idea. I have to admit, I've almost become ...

Drawing correct resistance and support-lines

Betting against a rate-cut is very risky. Especially when you know it's a cut by either .25 or .50 and that the The Bank of Canada follows (so far) the US fed.

should we play on usd/cad ?

Free pips IMO

should we play on usd/cad ?

Can see your charts now Keep us updated on your daily range !

Drawing correct resistance and support-lines

Agree. I'm still gonna hold my longs, mostly because of the technical side usdcad is showing, and I don't see how usdcad should/could drop with a rate-cut coming up. But stranger things have happened 1h and daily chart

should we play on usd/cad ?

What you say here sounds interesting. Unfortunately, I still can't see your charts. Did you find that attachment icon ?

Drawing correct resistance and support-lines

Press attachments, paper clip icon, to the right where you adjust your font etc

Drawing correct resistance and support-lines

For those looking at cable; Pennat formation (known as continuation pattern and formed by a consolidation period, which gives converging trendlines) on 4h. A break from this would be interesting for the upside, IMO. If broken, I'm targeting .9962 ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Pennat formation (known as continuation pattern and formed by a consolidation period, which gives converging trendlines) on 4h. A break from this would be interesting for the upside, IMO. If broken, I'm targeting .9962 (resistance on daily). ...

Drawing correct resistance and support-lines

I understand what you say, I have tried myself to apply some sort of strategy when it comes to trading range, but haven't been able to make any good conclusion so far. So if you can provide us with some examples where you take benefits from trading ...

Drawing correct resistance and support-lines

Breakouts. Gonna show you aususd, 1h and 4h chart. Apply fibonacci from last bull/bear run. If you see on 1h chart, price have broken that line and retested it. Also see that fib is correlating with (now) resistance-line. When trading breakouts, I ...

Drawing correct resistance and support-lines

Hi karimr. Nr 1 rule that could help you in the start would be following the main (or intra-day) trend. Eur/usd provides a good example. Take a look at the picture. I have painted all the candles you would have most likely lost your trades on (blue) ...

Drawing correct resistance and support-lines

Agree, gonna join you on that little run when 8h closes in 1 1/2 hour. I have my fibo drawn on 4h chart, 50% @ 208.47. Call me optimistic, but I'm looking for a retest of resistance-line at daily chart, As long as 205 holds, it could occur IMO.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Seems so, here's a 8h chart.

Auslanco - GBP/JPY and GBP/USD (newstrade)