Wednesday 15 September 2010

Euro$



Sometimes when i look at price i just do not understand why price stops here and there. Thats why i need a map of support and resistance to make sense of price action. Here's a one min chart form this morning that demonstrates this issue perfectly. Between the two of these charts i can see exactly what reaction lines are offering support and what lines offer resistance. The yellow and mauve lines are median lines - the rest are reaction or warning lines.

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