Clean charts = Clear vision

FX:GBPAUD   British Pound / Australian Dollar
Blue line is old resistance turned new support, where price used this level as resistance we have marked with purple arrows and where this level was used as support, we have marked with orange arrows where this level was used as resistance.

Price is currently at this level and we can only see upside movement on the 4h chart as the candlestick that formed and closed most recently was a very small bodied candle with some long shadows, this normally indicates a change in price direction and with it forming at such a strong level we are expecting price to fly and eventually reach our target zone ( green box ) We have placed our TP in this zone as this is another possible resistance level .

Clear charts = Clear vision... See how easy it is to spot these levels when you haven't got 1000000000000000 lines and indicators on your charts!? PEOPLE OVER COMPLICATE THINGS!!!


+2 Reply
Apex_Gregg Managed_CapitalUK
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