Market Reversal Levels ,Week of 02 Sept 2013

Reversal -65987

1- Those levels are strong support and resistance levels on short term , the market usually respects those levels strongly.

2- If the market rallies into resistance levels , a sell-off is expected.

 

3- If the market sells-off into support levels, a rally up is expected.

4-I highly recommend using divergences techniques, to find possible turning point during the week!

5- The recommended time frame , the 1 hour and below.

6- In trending market, to find additional levels , for example,If we wanna find R4 for EURUSD pair , we take the difference between R2 & R3 , then we add it to R3 , the result would be R4 , in our case R3 – R2 = 1.3415 -1.3315 = 100 pips , we add 100 to 1.3415 = 1.3515 = R4….and so on……..

MarketReversalLevelsWeekof02Sept2013

MARKET DATA

UPCOMING ECONOMIC EVENTS