I'm asking this those who trade S/R lines not S/R zones because precision is important to me as i use tight stop loss.
1. Let's say, price falling down and it hits strong support line (h4 support but you trade m1, m5), and you wanna go long there, do you just jump in a trade on that line with tight SL (like catching a falling knife having a confidence on h4 support) or you wait for some kind of confirmation?
2. According to your own experience, does better support or resistance line provide candle close or candle's spike?
3. If i trade m1, m5 chart should i rather watch h1 candle close to determinate support and resistance or m15, m30 charts candle close?
1. Let's say, price falling down and it hits strong support line (h4 support but you trade m1, m5), and you wanna go long there, do you just jump in a trade on that line with tight SL (like catching a falling knife having a confidence on h4 support) or you wait for some kind of confirmation?
2. According to your own experience, does better support or resistance line provide candle close or candle's spike?
3. If i trade m1, m5 chart should i rather watch h1 candle close to determinate support and resistance or m15, m30 charts candle close?