Reading Forex Charts


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The below thread, written by a UK chap called "Stringmine," has some useful pointers on reading forex charts utilising support/resistance and channels.

Ideal for those who do not use turbo charged wave machines etc.

(a) One of his charts

(b) The pertinant thread containing more charts, and "Stringmine's" explanatory text.

Of course his manner of reading charts is not confined to forex.

Bon chance :D


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Hi Neil

Many thanks for posting those links. I am also working on support/resistance & trendlines, couples with fibs. Recently there have been plenty of opportunities in EUR & GBP crosses in long direction. I am posting a chart of GBP which outlines these channels.

Your efforts to help evrybody here are much appreciated.




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However, I think we may have strong support from an uptrending channel in 1.8040-50 area. If that happens, I would be looking to buy when uptrend channel becomes estabalished.



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