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Identifying Support & Resistance Zones

There’s an old saying about those who forget history. I don’t remember it, but it’s good.—Stephen Colbert
You have to pay close attention to one thing on the chart if you trade naked: price. Price is king. Price will tell you all you need to know. The wonderful thing that all markets have is this: a history. The mar- ket will tell you where the sweet spot is on the chart. These sweet spots will be the foundation for everything you do as a naked trader.A sweet spot on the chart is a support and r…
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EUR USD

eur usd
there is a strong resistance zone @1.2300
the price could not pass it
i think eur usd will visit 1.2235 level
good luck
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GBP USD for 1st of june

GBP USD is facing a great resisitance zone @ 1.4100 and 1.4150
i think the price will reach it and then start to go down
Technical analysis gbp usd
the pair is moving in down trend since the start of mar 2018 and broke many resistance zone on 4 hours frame
but currently the pair is facing a strong resistance zone @1.4100 so i think it will continue in going down
General outlook for the pair:
The pair moved in the last weeks between 1.3950 and 1.4100
Pair recent direction : down
Expected rate of …
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EUR JPY

eur JPY is facing a great resistance zone @ 131.48 on daily chart
i think the price will reach it and then start to go down
Technical analysis eur jpy
the pair is moving in unknown direction because of the trade war between the united states and chine
but i think the next weeks jpy will be more stonger than EUR
General outlook for the pair:
The pair moved in the last weeks between 131 and 132
Pair recent direction : UP
Expected rate of the pair 1st of june , 12:00 GMT: 130
Chart of major support…
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GBP/USD for 1st of may

GBP/USD reached a great resistance zone today @ 1.4270 and started to go down
Technical analysis GBP/USD
the pair is moving in UP trend since the start of mar 2018 and broke many resistance
but currently the pair is facing a strong resistance zone @ 1.4270 and 1.4277
this week the pair broke 1.4144 resistance levels and visited it again today
General outlook for the pair:
The pair moved in the last weeks between 1.3800 and 1.4200
Pair recent direction : up
Expected rate of the pair 1st of may, 1…
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ElizavetaKl avatar

Good job

annamuzova avatar
annamuzova 28 Mar.

So interesting

AnnaZhurina avatar

Good job!

Diana29 avatar
Diana29 4 Apr.

Nice job

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EUR/GBP for 1st of may

EUR/GBP is moving in achannel and in his way to visit 0.8950 price levels
@0.8950 there is the high side of channel and acts as a strong resistance
today the pair go up and reached a strong resistance @0.87736 then start to fall down
Technical analysis EUR/GBP
the pair is moving in UP trend since the start the last week
so i think the pair will continue in going up and visit 8950 levels
General outlook for the pair:
The pair moved in the last weeks between 0.8680and 0.88020
The pair is expected …
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Diana29 avatar
Diana29 4 Apr.

Very good

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GBP/USD facing a strong resistance zone

GBP/USD in his way to visit 1.3321 price levels
Technical analysis GBP/USD
there is a great resistance zone at the prices 1.3775 1.3882
the pair is moving in up trend but i expect it will touch the resistance zone and go down
General outlook for the pair:
The pair moved in the last weeks between 1.3475 and 1.3775
The pair is expected to move in the next month between 1.3882 and 1.3327 as it faces daily/weekly resistances
Pair recent direction : up
Expected rate of the pair 1st of march , 12:00 G…
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EUR JPY IS going down

eur jpy in his way to visit 132 price levels
Technical analysis eur/jpy
there is a great resistance zone at the prices :136.36 and 137
in addition to Down Reflective Candle
General outlook for the pair:
The pair moved in the last weeks between 136 and 135
The pair is expected to move in the next month between 134 and 133 as it faces daily/weekly resistances
Pair recent direction : up
Expected rate of the pair 1st of march , 12:00 GMT: 132.30
Chart of major support (S) and resistance (R): Weekly …
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mydream avatar
mydream 12 Feb.

as expected hit the target successfully

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USDJpy daily review 24.12.2017

UsdJpy has failed to reach its target for the upmove by breaking the previous high so this signifies a major sign of weakness.
Considering the market started to drift sideways just at the high levels proves the upmove is over for now and that the previous down swing could be just the start of a longer 3 or 5 wave down move.The risk reward ratio for this scenario is a very good one with a stop just above the recent highs and a take profit at the level of the previous lows.
Hope this helps. Trade …
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USD CAD

USD CAD STILL STRONGGeneral outlook for the pair:
  • The pair moved in the last weeks between 1.2665 and 1.2908
  • The pair is expected to move in the next month between 1.2908 and1.3265 as it faces strong resistance
Pair recent direction : up
Expected rate of the pair 1st of february, 12:00 GMT: 1.2908
Expected market sentiment: up
Chart of major support (S) and resistance (R):
Daily chart
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