The EURUSD daily chart below is a perfect real - world example of a currency pair that began testing support more rapidly over the course of 256 days.
Here's an example of a false - break in
the EURUSD daily chart that led to a top in the market and started a long - term downtrend:
In
the EURUSD daily chart below, we can see the market is approaching key support down near 1.2750.
On the surface,
the EURUSD daily chart above is simple.
The chart in this video is
the EURUSD daily chart, one of the first things I do when drawing S & R levels is to mark the major turning or swing points in the market, these are the obvious «pointy» parts on the chart where the market made an obvious change of direction.
In this video I discuss price action on
the EURUSD daily chart, I keep my charts very simple, a moving average is the only indicator I use, I believe that price action and modern day technical price analysis is what makes serious money in the forex market.
Not exact matches
Here's an example of my
daily chart setup on the
EURUSD:
Those are what I would call the «key levels» on this current
daily EURUSD chart.
The
EURUSD has been trending higher since mid-April and over the last week we have seen it pull back to support between the 8 and 21
daily chart exponential moving averages (a dynamic value / support area).
The
EURUSD consolidated last week as we can see below on the
daily chart.
In the
chart example below, we can see a few examples of inside bar setups on the
daily EURUSD chart that worked out quite nicely.
In the example
chart below we see the
daily EURUSD from about mid-August until now.
Here's an example of my
daily chart setup on the
EURUSD:
In the example
chart below we see the
daily EURUSD from about the end of May to mid September of this year.
In the above forex education video I discuss how to plot the key levels on the
daily chart of the
EURUSD.
Here is an example of the above point illustrated in the recent
EURUSD bullish move on the
daily chart...