How To Use Market Reversal Levels !

Reversal -65987

In this post, I’m gonna explain a few examples of how to use Market Reversal Levels efficiently :

EURUSD:

1-Few weeks ago, EURUSD dipped to 1.0848 levels. This level was rejected with bullish divergence (Now support has switched to 1.0818, from 1.0848 ).

EURUSD1254

2- 10 days ago, resistance came at 1.1466 levels, Overbought Zone = ( 1.1416 – 1.1516 ) levels (50 pips above and below resistance level). the pair jumped into overbought zone, it was rejected with bearish divergence. (At the moment, resistance switched to 1.1435, from 1.1466 ).

EURUSD_1256

USDCAD :

We had strong resistance at 1.2550 levels. The market jumped into overbought zone, the pair was rejected with bearish divergence and double top pattern.

USDCAD12356

EURJPY :

The pair jumped into overbought zone, rejected with bearish divergence and double top pattern.

EURJPY65646

GBPJPY: 

The pair also jumped into the overbought zone (195.00 -196.00), rejected with double top and b.band reversal!

GBPJPY6598

 

 

MARKET DATA

UPCOMING ECONOMIC EVENTS