Learning to read Price Action with P&F Charting

some trends in the dax

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Eurusd into next week...4 hour data
we either break lower or test overhead res

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aqua/prev supp at 1.2610 area
yellow 1.2662 area
trend res/red at 1.2688 area
lilac at 1.2740 area
minor trend res at 1.2700 area
horizontal red at 1.2790 area
trend res /pink at 1.2818 area
1.2500 is a technical bounce area..ECB and NFP this week
lest see what happens
 
eurusd going into nfp
60 min data
res at 1.2400/horizontal
purple trendline at 1.2420 area
lower red at 1.2470 area
then 1.2500...big number
should stay below 1.2500 uneless nfp is below 200k imho
or we test 1.2300 then 1.2250 areas if above 300k
lets see what happens

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please note...
the chart parameters have been visually optimised by me and look to be in my opinion,a reasonable picture of the price action and do not constitute any trading signals
 
Es going into nfp
we either break higher or test these areas
we are watching the internal trendline/aqua
breakout /purple is at 2023 area
cluster of lines at 2018 area including trend support...down to 2013 /horizontal support
if things are really bad then 2005 area/green

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FTSE ready for a pop or a drop
at res now
if it pops then red trendline at 6624 area
if it drops then 6500 area supp/green
breakout point is 6532 area
should be plenty of volatility as we are getting into a very sensitive area
lets see what happens

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gbpusd..we got a fake bullish signal before..see previous chart
looking at 4 hour data which gives us the trend down and a couple of trendlines if price bounces for a test
1.5936 area
1.5968
then big number at 1.6000
might give us a reasonable indecation of dollar strength

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