Whole numbers (aka, round numbers) are the only S/R levels I use. Always pay attention to price ending in 00 or 50, most importantly 00.
Example: EurUsd 1.3500 (or) 1.3550
More important, always watch price when it nears triple zeros (000)
Example: EurUsd 1.3000
The triple zeros are important because the higher timeframe traders/investors uses those levels exclusively. And if you don't believe me, look at your chart and you'll see price action always reacting (retrace or break) to those levels. Visit the Daily, and you'll also see new trends or continuations occurs near the triple.
Example: EurUsd 1.3500 (or) 1.3550
More important, always watch price when it nears triple zeros (000)
Example: EurUsd 1.3000
The triple zeros are important because the higher timeframe traders/investors uses those levels exclusively. And if you don't believe me, look at your chart and you'll see price action always reacting (retrace or break) to those levels. Visit the Daily, and you'll also see new trends or continuations occurs near the triple.
