Short Term Trading Week Starting: 29 Aug, page-72

  1. 7,636 Posts.
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    Thanks for the chart Kangagirl. Would it be too much to ask how you distinguish between the S/R levels at the red lines compared those at the green boxes? I have trouble separating a definitive line from an area of S/R unless it is absolutely obvious. Sometimes the areas look so mixed it becomes impossible to define.
    See the area I have shaded in blue, I see this as a consolidation area but it is a long way between 1.11 and 1.35. Even 1.14 to 1.35 is nearly a 20% move.
    I guess the better traders would be trading this range.
    GRR is similar range, looked like it wanted to break out north but obviously the drop was F/A news related in this situation.

    https://hotcopper.com.au/data/attachments/4635/4635307-c4da79cf2405ee18e1be7c563e740c05.jpg

    https://hotcopper.com.au/data/attachments/4635/4635296-bf71f7091259bc6852d91c0553044cfd.jpg



 
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