ShahinM's Blog

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The ceiling has been broken!

I’m not sure about you but Trading in between a Ceiling and a floor, or by other words horizontal Support and resistance lines, I believe is one of the most popular ones,
The pair EURGBP which was moving between a ceiling and a floor, has just broke the ceiling which is the sign of a further pass of the ceiling,
A drop toward nearly Pivot point is expected,And also would be a good point to enter the position
Happy Trading
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Up,Down,Up,Down,Up,Down,And...!

UsdZar used to be happy with heading to the sky,probably there was a reason for this, for example a great support, but when we’re talking about the market which is our workplace! And most of us know it like the back of our hands, Like the mountains in a landscape it always goes Up&Down,Up&Down,LeftCenterRight
Alright let’s cut to the chart, After opening the path to the 14.7, 4 months ago, It’s still falling,which like always, it probably searchs to find a familiar zone,and a support line , whic…
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