Support and resistance system should only be used in a higher timeframe chart, like one hour and above. This is necessary because at such a higher time frame, brokers cannot manipulate the price to my disadvantage.
How I draw strong support and Resistance
Before I call a level strong, the same level must met the following conditions.
Again, when drawing my support and resistance levels, I use a range, not a single line, this is because price tends to test particular level before retrieving, range caters for these levels.
| 2022 | EURUSD | GBPUSD | USDJPY |
| 25 Januari | Wave Analysis: The Euro is currently on an active downtrend,previously the price bounced off from the upper trendline,we expect a further rally to the lowerside towards the lower trendline in a move to complete the impulsive wave count or even much lower.Basically on this chart we are looking for | Wave Analysis: As previously forcasted this pair has been trading within the upper and the lower trendline for a while now,as it is, we expect massive bearish momentum towards 1.3020 as a continuation of the impulsive wave count or even much lower should the price break below the lower trendline.As | Wave Analysis: The US Dollar is on an uptrend the current bearish rally is a continuation of the corrective wave cycle four,From where the price is now we expect a rebound from the lower trendline towards the upper side to mark an end to the impulsive wave cycle five.On this chart at the moment on |
| 24 Januari |
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