Okay so far ive looked at a few Resistances and Supports made in the Day charts
the Black line is the resistance/support made from the day chart,
while the Turquoise line is the resistance made from the double top within the channel.
What I am suggesting is a buy at the 0.7258 - 0.7300 range where it meets the up trend channel.
if it doesnt meet the trend with the torquoise line then be careful for the next trend downward
This should occur within the next 3-4days base on the distance between the current price and the channel/ support
*Notice the Double top formed in the channel broke out to the Black line Resistance
* Notice: the black line is a strong ressitance from the Day chart - the pair bounced right off of it.
ps dont mind the white price bubble, I was just doing some hindsight analysis or retrospect what ever you like to call it.
anyways enjoy and please comment!
the Black line is the resistance/support made from the day chart,
while the Turquoise line is the resistance made from the double top within the channel.
What I am suggesting is a buy at the 0.7258 - 0.7300 range where it meets the up trend channel.
if it doesnt meet the trend with the torquoise line then be careful for the next trend downward
This should occur within the next 3-4days base on the distance between the current price and the channel/ support
*Notice the Double top formed in the channel broke out to the Black line Resistance
* Notice: the black line is a strong ressitance from the Day chart - the pair bounced right off of it.
ps dont mind the white price bubble, I was just doing some hindsight analysis or retrospect what ever you like to call it.
anyways enjoy and please comment!