Monday, July 25, 2011

WEEKLY SUPPORT RESISTANCE FOR THE MAJORS

The link below is the video with the support and resistance levels for this week on the major pairs.  If you only make your trade decisions at these levels you will be safe.  The levels are based on weekly and daily swing support/ resistance.

Indeed, there are intraday support and resistance levels also.  When your intraday sup/res coincides with the weekly and daily swing sup/res, you have a much stronger signal because you have much more volume supporting your positions.  And on the flip side, when you go against these levels with your intraday trades you have much more volume fighting against you.

Just pause the video and copy the levels to your charts.


NOTE:  ON EURUSD ADD ADDITIONAL LINE AT   1.4357


CHEERS, JERRY
JERRYJSTEW@YAHOO.COM
JERRY@FOREXTRADINGMAJIC.COM


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