Just a little analysis on key levels of GBPAUD showing weekly and monthly key levels.
Rules of Key levels (support and resistance)
1. Not just one price line it is a area of price.
2. When looking for a reversal or bounce off key level use 4hr and daily time frames to indicate reversal signs
3. Key levels are valid for years and very accurate if plotted correctly.
Rules of Key levels (support and resistance)
1. Not just one price line it is a area of price.
2. When looking for a reversal or bounce off key level use 4hr and daily time frames to indicate reversal signs
3. Key levels are valid for years and very accurate if plotted correctly.