Support Resistance Correlation

The concept is very simple, just wait till 2 instrument stop near support or resistance, then go action



I use GBPUSD EURUSD and AUDUSD

TP 40-45 points
SL 25-30 points

So you are using USD pairs to show US dollar hitting limits? This looks interesting.

my concept is very simple
How happen if price meet Support and Resistance?
the answer is simple...
price stop moving for awhile , and then the price have to make decision for continues or reversal.

Week support resistance = price continues
strong support resistance = price reversal

Idea :
What happen if GBPUSD, EURUSD, AUDUSD meet support in the same time ?

--- they stop moving and they will make a correction move

So, I use 3 pairs to make decision, GBPUSD, EURUSD, and AUDUSD
2pairs will be enough to make decision,
3 will be better

Today I make 40 pips sell GBPUSD

Check GBPUSD level support and resistance

http://www.forexfactory.com/showthread.php?t=159910