September 8, 2017

If you see EURUSD this week, you likely to plan for a bullish trend trade. But you may be wonder where to pull the break; taking profit. I don’t initially, but after Thursday I am more or less know the answer. Why? The higher timeframe has show some resistance level is approaching. Open a EURUSD Monthly Chart and look left toward 2000. See it.

With this I would like to look at China Shanghai Index. Picture worth a thousand words. See chart for data from 1988. Have fun!

China Shanghai Stock Exchange Composite Index and Key Levels

See all the key levels, picture worth a thousand words. The Support Resistance level is always have their effect. The price action respect them all.

September 8, 2017 China Shanghai Stock Exchange Composite Since 1988 and Support Resistance

Thanks for visit the site here. You could also find free MACD scan here in this site too.

Moses

AmiBrokerAcademy.com

Disclaimer

The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.

These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.