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.
EURUSD is currently displaying a strong bullish trend. The market is still in a corrective phase, following the ABC corrective pattern. I anticipate an impulsive upward movement in the market, reaching at least our target for the minor wave "a" at 1.0810. Following this, I expect a slight downward
GBPUSD is moving exactly as we predicted in our analysis (31/5/2023). The market has formed a falling wedge pattern and experienced an upward impulse. This pair is still in a corrective phase, with the market currently forming the minor wave "c" targeting 1.2538. At present, the market is approachi
USDJPY is dropping nicely, in line with our previous analysis (31/5/2023). The market is still in the process of forming the minor wave "a" with our target remaining at 137.59. If you currently have a sell trade open, it is advisable to move your stop loss to breakeven. Additionally, if you haven'