Dear Friends,
I subscribe to ACM newsletter where I get a daily FX email with the latest news.
They usually send this box, but I really don’t know how to best read it.
For example EUR/USD
- what does the upper values mean (1.500, 1.4967 and 1.4922) ? Is this if you want to go long ?
- what does the lower values mean (1.4589, 1.4500 and 1.4280) ? Is this if you want to go short ?
- what is the diference between K=keylevel, P=Pivot and T=Trend?
Kindest Regards
/RicardoM: Minor, T: Trendline, K: Keylevel, P: Pivot
It tells you at the top of the page,
Support & Resistance levels (S/R levels)
Take all the values & map them with horizontal lines on
a chart in your platform. Then watch to see what happens
with each one.
I would suggest different colors for different keys ie T Red, P Blue etc.
Edited to say as the thumbnail.
Ps Can you supply the site where the email comes from,
is it ACM Forex.
Thank you for your reply.
The email is coming from ACM in Switzerland.
They have an excelent news service (free!!)
Here’s their website
Online Forex Trading | Currency Trading | ACM
