DislikedHi all,
I believe currently this pair is forming a BOVB. But somehow i got resist line above this bar. so how do i know if my S/R line are valid (normally if it break the price already move too far and miss the trade, or if it is resist mostly will get stop out.) I am still learning to draw good S/R line. And how about the fibo, i will say pt 4 will be my 0%. But where should i start to draw it (1, 2 or 3)?
Thank you.
skinIgnored
Then go to the Daily time frame and fine tune them (if needed) to Round Numbers or the .50 depending on the pair. On the Daily you will find other PPZ levels not seen on the Weekly. These are important levels as well, but the weekly levels are stronger.
Indicators show the past. Price Action "Indicates" the future.