Simple enough, bounce off our support and bullish run up to our resistance.
Are you starting to see how simple it is? I'm not saying 100% of our trades win because that would be a lie and we pride ourselves on transparency, but 80% of our trades are successful just from trading price action... Take a look at our charts on here if you don't believe us.
Stick with...
You can see where price has entered our support and resistance zone before and bounced back out of it.
This time we are expecting another bounce as price is at this level again, we are expecting price to use this zone or area as support therefore making bullish movement from this level.
We have quiet a few news releases tomorrow that will directly target this...
We can see a strong support ( green line ) that price has been respecting and failed to break recently with a few spikes through the level but failing to close below it.
We also have a lovely trend line ( TL ) that price has been using as support bouncing off it on its travels, we can only see further bullish movement as price continues up our TL making higher...
Straight forward really, bearish movement down to our support area ( red zone ) then a bounce and bearish movement to our resistance area ( green zone ) I'm just going to keep this 1 simple as there are a few simple people about ;p if the cap fits wear it.
You can see from our support line ( green line ) that this is a VERY strong level that price has bounced of many times, Price has also bounced off this level this week and we can see a run up to our resistance zone ( green box )
Of course surrounding Brexit and businesses not knowing how the deal or no deal will affect them and trading then you have to be...
Here we can see a clear trend line ( TL ) marked out that has been used as previous resistance and now turned support.
We are expecting price to keep bouncing off this TL and following it down in a bearish movement.
We are keeping this 1 short, sweet and simple as that is the best way to look at charts and learn.
Most of the information on the internet to do...
You can see our support and resistance zone ( red box ) that is marked out with arrows to show where this zone has been respected as support ( orange ) and resistance ( purple ) Now price is currently hanging around this zone like a drunk idiot who doesn't want to leave the bar at closing time because he has spent all night trying to hit on the bar maid who is 20...
We are expecting a retest of our support area ( green box ) before price moves bullish.
USD has shown some good strength today, this is why we can see price pushing lower before the bulls take over and push price higher.
Trading is bulls#it, it is so simple but there are so many people or so called gurus that try to complicate it just to make you buy there...
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