Reading the Movement of Price

A simple analysis and review of price behaviour.  From the charts, I begin with a very simple concept of drawing horizontal lines at both extreme and other obvious turning points.  These levels can be called support and resistance zones.  I call these lines structure level.  If price is above, it serves as support.

gbpusd daily home page img

Draw Horizontal lines at obvious levels adding in Fibs to key turning points and looking for confluence.

“Everything I learn and write here does not mean anything unless I practice it and do it live”

“The ideas, tools, and levels used is to give trade direction, entry, stop, and targets.  Unless I can understand and take direction from the result of what I am doing, then I am not doing anything”

“I prefer to use price action to explain the results of economic data and market news instead of economic data and market news to explain price action.”

Ideas discussed here (throughout this entire website) are not trade recommendation they are only my thoughts to help me understand the market and price action better.  Forex trading is very risky and can involve a lot of loss.  Any opinions, news, research, analyses, prices, or other information provided here is provided as general market commentary, and does not constitute investment advice, directly or indirectly. I do not and will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information and ideas discussed through out the website.

Get every new post delivered to your Inbox.

%d bloggers like this: