Exercise 4: 15 min, Untested resitance

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  • September 6, 2017 at 11:54 pm #2197
    Rob HouseRob House
    Participant

    I have marked up with a red line the untested resistance in the AUDUSD market?

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    September 8, 2017 at 1:12 am #2204
    Rich FittonRich Fitton
    Keymaster

    Nothing wrong with the analysis of the bar, Rob. If you look back a bit you’ll also see it was the 3rd attempt to break through a wider band of resistance created by the rejection of those 2 earlier ‘peak’ bars.

     

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    September 8, 2017 at 2:42 am #2206
    Rob HouseRob House
    Participant

    Ah yes I see.  So it’s certainly worth looking back on the charts to where previous price action has been, to give a bigger picture?

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