Hey git, take a look at this and give me your opinion. I've been reading (always studying and learning...LOL!) and I'm experimenting with support and resistance levels. I set these levels based on previous daily points and some of the current points.
If this holds true, then we should get one more E/U pop to 1.4767 (give or take) and then we'll see another leg back down to 1.461. That would be a nice 100 pip profit.
What's your take on this? I've never done much with pure S/R before but it looks promising. Only indicator I'm using is MACD. Notice the negative divergence on the histogram. That should give rise to a nice continuous dip with trend reversal rises in between support levels.
*************TRADING AND EMOTIONS DON'T MIX!*************