Disliked{quote} When you see support/resistance levels being created like the yellow line I drew, usually they would be stops placed right below them (liquidity) by other traders, so more often than not a stop hunt occurs to trigger them (liquidity grab) and price continues on. It's nice to be aware of such levels and reactions which happen around them so that you don't fall for the false breakouts.Ignored
- #57
- Feb 27, 2021 12:53pm Feb 27, 2021 12:53pm
- Joined Jan 2013 | Status: Trader | 4,386 Posts
MA provides the market's current direction and strength.
- #58
- Feb 27, 2021 12:56pm Feb 27, 2021 12:56pm
- Joined Jan 2013 | Status: Trader | 4,386 Posts
MA provides the market's current direction and strength.