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EUR/USD Support & Resistance 4HR

 
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carlos_2

EUR/USD Support & Resistance 4HR

Hello,

Recently I've been taking a deeper look at my technical analysis. I would only scalp while looking at the 1, 5, and 15 min chart. I've made a few changes and have started to look at the bigger time frames. EUR/USD is currently ranging and the last 6 times it has hit 1.17225 it has shot back down to about 1.15602. That's a range of about 165 pips. Knowing that piece of information alone has helped me a lot. It helps to take a look at the bigger picture, even if I'm scalping most of the time. 

Mon, 09/10/2018 - 1:55pm
 
PowerTrader23

Hey Carlos, I couldn't agree more on extending time frames out for the bigger picture and the greater profit potential. The 4hr screams of that H&S and definitely am looking for the 1.13 level. I find it amazing looking at the Hourly chart that the Mean is not much greater than where we are currently trading on 09/10/2018 at 11:45 p.m. CST.

Cheers to successful trading!