Daily chart support and resistance - I'm lovin it!!

forexdiscussion

Junior member
Messages
17
Likes
0
Hi I really love to trade using daily chart support and resistance.

This is my steps in order for me to enter the market

1. Determine support and resistance of your daily chart
2. Observe the price action at the support and resistance
3. Enter trade by the confirmation of candlestick pattern.

In this discussion I would like to share with you my level of daily chart support and resistance that I have use and already generate almost 400 pips for me this week.

1. CHF/JPY - Long entry at support 85.312, profit 100 pips. At this moment already approach resistance at 87.76 monitor for short.

2. NZD/USD - Long entry at support 0.75280, profit 50 pips. Still long way to reach resistance at 0.7780, still on long.

3. GBP/CHF - Short entry at resistance 1.5600, profit 120 pips

4. USD/CHF - Short entry at resistance 0.96540, profit 50 pips

I will keep posted on any support and resistance to any pair which I feel reliable to my trading.

Adios Amigos
 
Top