DislikedAre either of these two highlighted setups valid? They both look quite similar to me but only one of them played out well.
Would appreciate peoples comments and thoughts on this picture to help out a learning newbie.
My only understanding so far is that there is significant support in the area around 1.61600.
Perhaps you could clarify these set ups for us in the following manner: The convention here at SonicR is to use a blue or white line to denote the entry point (EP) and a red line to denote the stop loss (SL). This enables us to see at a glance whether the set up being presented is a long trade or a short trade. I could guess from our screen captures, but it would really be a guess. If you could make clear the intended direction of your set ups, it would help use here to be able to answer your question accurately.
Thank you for sharing, and I hope you continue to join us if you find SOnicR fits your trading personality.