FX Market Reversal Levels for (19 Nov - 23 Nov) 2012

Hello everyone!

Here is the turning points for this week , (19 Nov - 23 Nov) 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...

FX Market Reversal Levels for (12 Nov - 16 Nov) 2012

Best Regards

Haitham

Views: 272

Tags: AUD, CHF, EUR, FX, GBP, JPY, USD

Comment by Haitham653 on November 19, 2012 at 10:25am

EURUSD loses upside momentum :

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