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Plotting Support and Resistance

ijcrump's picture

Hi.. I have finally got my charts uploaded.. hurray...

I have gone back 5 years on the GBPUSD 240. to start plotting Support and resistance to see if I have a Fair understanding of how to accurately plot the my charts.

Below I have identified the Range but I think that my line of support should be at the previous LL, but I was trying to get two touches to confirm the support line.??? where as the line of resistance is at the HH only one touch before price broke through.

so have i answered my own question if not could you put me straight please.

On my second chart I have moved through price until i identified the new range, however this time I have gone to both the HH and LL I think. Price has then again broken through the range high and I followed price until it reached 100% extension of the range, again if I have plotted correctly.

My homework exercises at this point is to try and confirm or correct my analysis.

so any help is greatly received...

thanks again ..Ian.

Your rating: None

Ian, Maybe try getting rid

Pillinger's picture

Ian,

Maybe try getting rid of the spaces in the name of the file?  It might do the trick...

Chears Pillinger..

ijcrump's picture

Thanks for the Tip... working great now I will be adding more to my blog as I go.. Hopefully the time with Phil has paid of and I have a fair understanding of most things covered in the site..

cheers W...