There ya go mate.

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My take profit level was hit from Sunday trade.

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One would also be wise to keep in mind the weekly pivot point of 1.2970: Potential possibility of a turning point.

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Price will probably test 1.30 now, that is one resistance level, coupled with 1.3008 and 1.3014(Fib). There is a high possibility of a bounce off this area, at least once. Possible trading opportunity for a short (with a smart stop in place).

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I think there will be a support around 1.2858, then we will test 1.2899. I believe there is a pretty high probability of the price testing 1.2899 today.

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There are many ways to find out the major support and resistance levels around the current price action. 1. Other websites which: i.e. url 2. Indicators on your trading or charting software, which can calculate resistance, support and pivot levels ...

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One can find tops and bottoms from historical areas of major support and resistance, and daily, weekly and monthly pivot points. I trade mainly on price action, therefore I look at chart patterns and candle stick movement, especially around these ...

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Yeah, i like trading them. I just buy at the bottom and sell at the top and set a smart stop loss.

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I think there will be a break out, either to the up or down, out of the descending triangle. The US NY session will be opening in a couple of hours: there is likely to be a definitive breakout then.

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I love ranging days! They're the second best to trending days

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Thanks matey.

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Are you asking me if I know how pivot points work?

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I don't think it will be back to normal (as in, how it was befor August) until the United States declare they are out of the recession. When the US declares the recession is weakening, peoples risk appetite will increase, and they will look to ...

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A descending triangle formation, suggesting the bears are tightning their grip on the bulls. Volume is lower: a break out possible: bias to the downside. There is also a close to double top thrown in there as well.

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Daily pivot is acting as a good support at the moment.

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Daily Pivot is 1.2815, according to me.

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I rekon a bounce off the 1.2815 to 1.2830 area

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Have you studied any books before on the Forex?

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2944? Do you mean 2844?

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My opinion: it will come back up to test again, at somepoint, even if there is a small retracement down.

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