infinitym4ge
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Im trying to understand Trend lines, Resistance and support. i have looked at a few charts and i picked forex USD/JPY.
have i got the trend line and the Resistance correct in this chart? the time line is set to an hour. howmany tops would you need to come accross to find Resistance? where on my chart would i find support? or any more trend lines and Resistance?
if i was to now go short from what i see on this chart where would i set my stop? at about 99.50 im guessing?
A little help on this chart would be much appreciated! i will update this thred further along.
have i got the trend line and the Resistance correct in this chart? the time line is set to an hour. howmany tops would you need to come accross to find Resistance? where on my chart would i find support? or any more trend lines and Resistance?
if i was to now go short from what i see on this chart where would i set my stop? at about 99.50 im guessing?
A little help on this chart would be much appreciated! i will update this thred further along.
![trend.jpg](/proxy.php?image=http%3A%2F%2Fimg.photobucket.com%2Falbums%2Fv82%2Fzimsabre%2Ftrend.jpg&hash=a70146b70f061b3baa8ec0b01d970d82)