3 elements in EURJPY chart from May 2016 to 22 June 2018: A) up-equidistant channel B) down-equidistant channel and C) rising mid-extended trend line. Expect price action to test these elements in any order for support and resistance.
There is an extended trend line on the WTI chart that has proven useful time and again. WTI traders must add! Extended trend lines have features that make them special. Features listed here and how-to-draw tips.
We talk about the definition of Confluence Zones and why they exist. Then we offer some simple tips for using and finding them.
Weekly charts show strong levels/trend and cuts out noise in lower time frames. Best outcome: marry momentum on lower time frame with big picture.