USD/CNH- 08 Sept. 2016
1 hour chart for daily entries
All S/R levels has power to reverse the trade,
but once broken with a closing candle
Support will become Resist, and Resist will become Support.
Only trade when levels are touch for the first time with a 15min engulfing candle to confirm the reverse.
Do Not chase price, let the price come to the S/R levels before entries.
How to Trade my lines:
Green and Orange Lines-
Thicker the line stronger is the level
dotted Lines - weak support and resist levels
Blue lines - Strong S/R
White Lines - Very Strong S/R
1 hour chart for daily entries
All S/R levels has power to reverse the trade,
but once broken with a closing candle
Support will become Resist, and Resist will become Support.
Only trade when levels are touch for the first time with a 15min engulfing candle to confirm the reverse.
Do Not chase price, let the price come to the S/R levels before entries.
How to Trade my lines:
Green and Orange Lines-
Thicker the line stronger is the level
dotted Lines - weak support and resist levels
Blue lines - Strong S/R
White Lines - Very Strong S/R