In Forex trading, people who lives their countries will consider mostly about their countries currencies. Professional technical traders see what the graphs tell their stories. I found that most amateur read too much information from news, magazine, TV, radio, etc. They lack some kinds of decision making.
In computing, WYSIWYG - this is an acronym for "what you see is what you get".
In technical analysis, same rule applies.
AUDUSD faced a downside towards some support levels.
From the daily chart, price rejection happened many times at 0.773 and 0.753, which means, the graph told us a confirmed Lower High signal.
From the weekly chart, which is a bigger picture that many amateurs ignore. No matter you use any tools, you won't miss these two strong support levels.
How greed you are? Will you take your profit at Sep 2014 Support or March 2016 Support?
In computing, WYSIWYG - this is an acronym for "what you see is what you get".
In technical analysis, same rule applies.
AUDUSD faced a downside towards some support levels.
From the daily chart, price rejection happened many times at 0.773 and 0.753, which means, the graph told us a confirmed Lower High signal.
From the weekly chart, which is a bigger picture that many amateurs ignore. No matter you use any tools, you won't miss these two strong support levels.
How greed you are? Will you take your profit at Sep 2014 Support or March 2016 Support?