Disliked@stinhk,
Im glad to see there were a couple of answers to your question already, and let me start off my reply saying that the finding/seeing/targeting of S/R is most definitely part of this system. You'll find it under the "forex basics" curriculum....Ignored
Disliked... but to my way of thinking, the most recent S / R should have the most impact...Ignored
The first levels I look at on the chart at the start of the trading day are yesterday's high and low. (By yesterday, I mean New York midnight to midnight). Also, check to see if these co-incide with a big number, or previous S/R. Again and again, I see price reacting strongly to these key levels.