I Just thought I'd drop in too see what was going on as I expected volumes to be too low today to have any impact on s/r. However there have already been some interesting moves!

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I also had that level from a 1h chart - a nice quick 45 pips. Thanks for confirming that one.

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Trust your analysis ady reminded us! So I've just missed the breakout at 12000 for USDCHF and fluffed the entry to the breakout of 12904 in EURUSD because I didn't have an auto order on. Anyone got any more coming up today?

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12428 on USDCAD is a weekly support that is the next level to be tested. Could this be significant if equities are sold off?

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Naturally, it was just that I hadn't marked support there as my charts had a range on those dates. On my charts the low for 31/10 was 12265 and 7/11 12246 but bear in mind I am using my brokers charts so these prices represent the middle of the ...

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Yes but the US news was plentiful so a wiseman would have exited before anyway as it usually spikes in both directions. Todays reaction was muted, perhaps they are focussing on the pre-thanksgiving sell off?

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It was a great price action point but I can't justify that level clearly on my charts. What timeframe gives this level of support?

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My trading platform didn't trigger the entry. I could have gone manual but I don't like to interfere with my own decisions, so once I decide on an auto order I let it do the work.

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Mine hit a 4h at 12383 on the nose.

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Eur Usd on new lows having broken 12922

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I like the look of 905 too but it means a SL of over 25 to include 12880 and the spread.

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1.995! You mean 1.1995 as your chart indicates, a typo like that is ok here but not on your trading platform. Don't worry I couldn't type yesterday either. That area could have strong s/r, the actual price point depends on your own charting ...

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Hi Willowgal I haven't looked into 12880 yet but as you'll see from my chart I had 12931 marked in and it duly obliged with a max 90 pip bounce so far. I expect a short from below 12922. The regulars are propbably off because it is a short week, JPY ...

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Thanks for posting the chart libb. However I don't trade the GBP/JPY as I am trying to cut down on my charts, I'll have a look when things are quiet.

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I was replying to swap and actually agreeing with your s/r point of 15250. It worked out well.

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I wouldn't call 15248-15250 a wide range.

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Here's the price action for those daily s/r lines back in Aug 2007. As I said it appears 12167 was a significant level yesterday, but I fully appreciate what you said about trading the obvious.

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ady Sorry my mistake, I was editing my post while you were looking into it. The green s/r line at 12109 on my chart is daily not weekly. I am curious because yesterdays breakout from 12167 was also from a daily support line.

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Significant? — BRV stresses that S/R is more significant the longer the timeframe. 12109 on USDCHF is shows convergence of a 4h TL,a 61.8 Fib(yellow) from yesterdays daily range and a daily support line(green) dating back to 220807 when the ...

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Small breakthrough of resistance for USDCAD at 12426 which managed an initial 40 pip breakout, but overall less than expected.

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