Disliked{quote} Well noted, everyone has to trade his own account. On sup/res let me just add that horizontal sup/res are much stronger compared to sliding sup/res. I will add that in EURUSD bulls are located @/near 1670-90 area, bears will gain control if PA gets rejected near 1800. There is no 1800 coming unless we print @/near 1670-90 first. Have a nice day!Ignored
But TL's and CL's are very helpful to indicate the way PA is traveling because most of the times prices are traveling in channels...they can be weak or strong...a spike is also a channel but a steep one.....
When prices are bouncing between the two and prices make a tap of the channel line it can indicate O/B or O/S....if at the channel line prices also meet support/ resistance the better...
Only my own perception...
trading is simple but is simple is not easy.