Market Reversal Levels ,Week of 16 Dec 2013

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

2- If the market rallies into resistance levels , a sell-off is expected.

3- If the market sells-off into support levels, a rally up is expected.

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

5- The recommended time frame , the 1 hour and below.

6- In trending market, to find additional levels , for example,If we wanna find R4 for EURUSD pair , we take the difference between R2 & R3 , then we add it to R3 , the result would be R4 ....and so on........

Market Reversal Levels ,Week of 16 Dec 2013

Views: 291

Tags: Levels, Reversal

Comment by Haitham653 on December 18, 2013 at 5:35am

Good entry for this week : USDJPY @ 102.50 , EURJPY @ 141.00 , GBPUSD @ 1.6220 : see charts below:

Comment by Haitham653 on December 20, 2013 at 9:34am

EURUSD may pull-back from 1.3630 levels towards 1.3670/90 levels before the next down ?!!

sustained trading below 1.3630 would open 1.3570 next........

see chart below:

Comment by Raju Selvaraj on December 20, 2013 at 10:02am

thahks Haith,timely remainder

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