goodluck shahab your absloutly rigt technicals are a leding indicator but you have to listen to you chart keep it simple buddy
Some like it simple , me like it complex , that's how I can have more fun
It'll be less than good if you don't be careful there. Strong resistance I tell ya! .8843 is a tough mark. I'd not be so concern about resistance on any other day, but 10/6 marks a cyclic reversal day. This puppy is making swing top here.
I'm selling it.
What makes you think 10/6 marks a cyclic reversal day? Not doubting it can't happen; I'm already short NZD and CAD; just curious what makes you think this?
It would make sense though, since this is pretty much the time to catch people off guard, b/c who'd think of going short right after AUD raised interest rates? It'll be very interesting to see how this plays out.
10/6 is on the FDate report as an "*" (asterisk) turn date. The "*" dates tend to be higher probability for reversals than non "*" listed, so I keep my eyes on support/resistance during these particular dates.
When price skyrocketed, I watched with my listed resistance levels for one to hold. It nailed .8843 which I had listed and went weak. Good enough for me.
10/6 is on the FDate report as an "*" (asterisk) turn date. The "*" dates tend to be higher probability for reversals than non "*" listed, so I keep my eyes on support/resistance during these particular dates.
When price skyrocketed, I watched with my listed resistance levels for one to hold. It nailed .8843 which I had listed and went weak. Good enough for me.
