Price Wave Strategy - A Complete Guide

Quoting encryptedehs

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{quote} Yes place order as it touces bottom line or you may add an extra layer by waiting for a bearish pressure. I observed that waiting makes me sell at premium. We want a discounted price. As for a rising wedge like your image, price retarce back to bottom line then r rejects but this are also the cases you might suffer losses if your SL is too tight. To safegurad, keep your SL broad and reduce lot size. I observed, first rejection often goes 4-5 pips positive then reverse negative than again touches bottom, create a rsi divergence or falling...

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Quoting Stevooo

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{quote} I saw alot of resistances and supports but how do we know which one is the valid one that we can put the order. Sometimes when it breaks the trend lines and retests, it spikes through the broken line like this. And we put the order when it retests like this right? but it seems it doesn't work {image}

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