Hi forumites,
Before entering the market, what is the best way to measure the validity or strength of the support and resistant lines. ie where exactly is one supposed to draw the lines. How many pips below and above the current market price. I am still getting a little bit confused here.
How am i to be sure that the support and Resistance lines i have drawn is strong and will give me the real picture of the current market situation.
Before entering the market, what is the best way to measure the validity or strength of the support and resistant lines. ie where exactly is one supposed to draw the lines. How many pips below and above the current market price. I am still getting a little bit confused here.
How am i to be sure that the support and Resistance lines i have drawn is strong and will give me the real picture of the current market situation.