Screening For Setups
Each morning (Mon-Fri) a large number of Forex markets along with the main indexes are screened for a potential setup and then one to two charts selected. The charts show the high, low and close bars for the last 30 days along with support, pivot and resistance lines and an expected target region for the next trading day.
Example of a signal setup chart:
The charts show the H:L:C bars for the last 30 days.
Support & Resistance:
The support, pivot and resistance levels for the
next day are shown by the horizontal lines on
the right hand side of the chart.
Expected Target Region:
The expected target region for the next day is shown by a blue bar. This is calculated by a mathematical algorithm and is not to be taken as trading or investment advice.
Intraday Entry from a daily Signal Setups Chart:
For intraday entry, an intraday chart must be examined.
It is recommended to look at a 1-5 day intraday chart to establish a good risk reward entry point, stop loss and target in a market.
Trading View is an excellent site for intraday charts and information.
Breaking News and Fundamental Analysis:
It is important to be aware to breaking news and any fundamental analysis that may effect the markets. Breaking news may also be followed with a sudden reversal in trend.
Forex Factory is an excellent site that has an economic calendar and news.
The above information is the output of algorithms on price alone and is not to be taken as investment or trading advice and must be viewed together with fundamental analysis and breaking news. Past performance is not indicative of future results.
Every effort has been taken to present the correct information, however, neither Price Dynamics Ltd nor its staff are liable to any error that may occur