look at the picture
See trend is down.
swing high is 1.3020 this is the resistance in 1 hr chart.
Swing low is 1.2886 this is the support
now look at the present price it is 1.2932.
the price is near resistance .
Stochastic is below 50 and going down.
So it is the time to put sell with SL at resistance level.
TP
What happens when Support or resistance broken.?
When support or resistance is broken, we will go for to see strength and weakness of trend.
 |
| trend line, EW count, S/R shown 1 hr chart. |
See trend is down.
swing high is 1.3020 this is the resistance in 1 hr chart.
Swing low is 1.2886 this is the support
now look at the present price it is 1.2932.
the price is near resistance .
Stochastic is below 50 and going down.
So it is the time to put sell with SL at resistance level.
 |
| Also look at fibbos fan, The price is respecting 61.8% retracement, |
What happens when Support or resistance broken.?
When support or resistance is broken, we will go for to see strength and weakness of trend.
- MACD,( Moemntum, whether big or small)
- RSI (momentum big or small) Sharp rise , steppyness, low deepth with high projection
- ROI,
- Bill williams.
- MA steppyness,
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