FX Market Reversal Levels for (03 Dec - 07 Dec) 2012

Hello everyone!

Here is the turning points for this week , (03 Dec - 07 Dec) 2012

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 divergence(s) 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 when both trends - short and main - are matched , example, AUD/USD , short and main are up, so at turning points up, expect the market to flyby, sometimes 200 pips or more..

7-These levels will be published weekly...

Best Regards


Views: 220


Comment by Haitham653 on December 3, 2012 at 1:34pm

Around turning point down (1) , we have long upper shadow candle for EURUSD on the 1 hour chart as shown below, this is reversal candle, let's wait and see what would happen the next few hours !!


You need to be a member of Forex Social Network to add comments!


Join us on Facebook Now!!!

Hi everyone

This website was closed June 2nd 2015.

Please, join us now at Facebook where you can keep sharing your thoughts about Forex with our community of traders:


OVER 2,500 READERS!!!!

© 2015   Created by FXStreet.

Badges  |  Report an Issue  |  Terms of Service


Live Video