FX Market Reversal Levels for (15 Oct- 19 Oct ) 2012

Hello everyone...

I've been using these techniques for almost a year, based on Fibonacci , high and low and momentum indicators, anyway I hope it would help intraday traders improving their performance !!!

Important points and notes:

1- These levels are strong support and resistance levels on short term , the market usually respects these levels strongly.

2- I highly recommend using divergences techniques, to find possible turning point during the week !

3- The recommended time frame , (M15,M30,H1) , generally H1 and below .

4- You can also use chart pattern, candlesticks, trend lines and price action to find possible turning point!

5- These levels would help you set realistic targets and exit points, so you can add them to your trading style..

6- The big moves usually come with both trends, short and main, example, AUD/USD , short and main are up, so at turning points up, expect the the market to flyby, sometimes 200 pips or more..

7-These levels will be published each Sunday..

Here is an example for EURUSD , 2 weeks ago: