Most of the time you may learn all you need to know about a market by simply viewing the chart. This is my belief. This is how I trade. I have found…
The last chart I posted was of the EUR/USD, it was the 1 hour chart. Why did I post this chart?
As a technical trader I completely rely upon the chart for my trade setups. Fundamental analysis is difficult to understand, and since every “expert” seems to have a different opinion
Support and resistance levels are one of my favorite places on the chart. However, I do not always expect price to reverse at these levels. I do not consider these levels on the chart to be walls, but rather these support/resistance levels are much like a beer belly.