Saturday, May 14, 2011

New concepts of Forex support and resistance


New concepts of Forex support and resistance
The yen spot pattern twist in a.) the violence was ¬ lent after maximum bullish point was lost that was not seen again. This level later served at the beginning of a strong rally leaving high order isolated high (which has isolated a large number of small ISO ¬ LATED Forex support and resistance highs on each side of it). Stage b) is nothing like Forex support and resistance decisive. View the withdrawal from the high during the second period of reversal. Level b) acts as support and discards subsequent downward stroke, but Forex support and resistance is really powerful - that they are giving up without much of the fight a little later.
C) is equally weak, and for possible attacks gives way easily. d) and e), however, is strong support (MR) and re ¬ sistance (e) when retested, as a potential here for the UN was caught pleasantly high.
Finally we have a classic case of mark) when the twist
sweeps "do not hold hands" and the Forex support and resistance price rallies quickly and decisively. According to Max carry f level) serves to stop subsequent strong downthrust.
The STG hour point pattern shows four twist
Levels, which have a property in common, ie they each representative ¬ resent the period of maximum bullishness [b) and c)] and bearishness [a.), and d)] of their structures. (Note the period of maximum bullishness / bearishness should always be sought in every twist or consolidation structure.) While in most cases it is constituted by an isolated high or two Fri ¬ riod reversal of the type discussed (high and low of the first Fri ¬ riod depending on the direction of twist), it is not always
case. Sometimes this Forex support and resistance point can be "cunninglv" hidden oscillating between price action (eg "c" in STG Hourly chart) but still constitute a key area level if it contains a re-Chal ¬ lenged.
How long these horizontal support / resistance levels
Forex support and resistance maintain their influence?
When price action reaches the level of key it is more common to find the price of delay rushing straight through as a runaway train. This stand MAV sediment reversal or consolidation. where the market is collected for a decisive push through the price barrier (s), temporarily she hesitated. When the price breaches the support / resistance that weakens, even if by the close we

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