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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 64.29%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wdG2u51Kl2
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Candles and Support and Resistance Lines

Candles and Support and Resistance Lines

Richard Krivo, Trading Instructor

 Instructor’s Response:

 
The main rule is that the lines can pass through wicks but not through the bodies. When I draw them I try to have as many points of contact between price and the lines themselves as possible without the lines passthing through a candle body.  This may include touching some wicks as well as the bodies of the candles.
 
Take a look at the chart below for some examples...
 
chart 6 16 10

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