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I took a tiny position short, looking for any corrective drawdown from the resistance.
Also, from your experience, do resistance/support levels tend to become weaker or stronger with each approach?Ignored
No easy answer for this. Depends on time of day and circumstances. Given that london is now closed, today's resistance may be tough to break before end of day. Best thing to do is just look at how price is reacting to S/R on a 5 min time frame. Volume (use futures volume as fx is not available) is the best indication of whether or not S/R will break. Weakness is seen on up bars with low spread and high volume. Strength is seen on down bars... Good luck!