We are looking for the magenta line to take profits... Of course it can go to new highs, but at least most of our position is sold at the magenta line... why? we are currently in a range, and this is the magnetic zone. It is where price bounces back to before going lower, and ultimately, it is where the price will blast off to new highs from... Ok, our support...
Here is a monthly chart of AUDJPY.. Yeah, I had to look that far back for any resistance to this months bullishness. So, I am looking for a pullback candle on the monthly chart... I am not looking for a major trend reversal from this view, just a pull back due to it being overextended. I cannot say where it will go longer term. SO I find the resistance on the...
Trade Hourly SR with PPO and HighLows - AWESOME!
SUPPORT RESISTANCE TRADING WITH HIGH AND LOW