Wayne Jones
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Hi John,
As Rich has said on a few occasions for us to start commenting on each others work. I thought I would have a look at yours. For me on your second chart EURJPY daily, I would have put the resistance on the far right of the chart above where you have the highest support level. I’m no expert and may well be proven wrong when Rich has a look.
I hope you don’t mind me commenting!
If you want to comment on any of my stuff then you are more than welcome to!
Regards
Wayne
Here is my own go at support and resistance.
I have used the GBPUSD chart. I have chosen my area of support as it was an area of resistance in the not to distant past. It also seems that it will get tested in the next day or two.
For resistance I have gone for the EURGBP chart. I know it has been tested but I couldn’t find another one! Also there seems to be an area of support around the 27 of last month.
As for looking on the 15 min chart. I am unsure what you are asking. Are you asking if there has been a test on the daily S&R on the 15 min chart?
Wayne
Hi Again!
I have attached two efforts. The first being on the AUDJPY. I could only find the trend line for this one. I have also entered the MOR. As you can see this was in an up trend, I could not really find two high points. In retrospect maybe the last high point and the next pull-back may have been a suitable place but maybe not as the pull-back isn’t really a high point at that stage.
The other chart is from the AUDNZD. I have taken two months worth of MOR as I think it’s good to start practicing that now. I have also found the trend line which was a big up move. I have also attempted to plot two counter trend lines. Any feedback from Rich or any of the new group would be much appreciated.
For counter trend lines am I right in thinking we have to wait days if not weeks before one may develop?
Regards
Wayne
