What is the best way to establish the S & R of a trade?
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DislikedIf it is true S/R then that will tell whether or not there will be more buying or selling. That is the idea to look for S/R, after all.
Otherwise flip a coin.Ignored
DislikedYes but i donīt see how we can know that there will be more buying (or pressure rather) than selling untill after it has happened if we donīt know who bought or shorted before. And then new ones.Ignored
DislikedI know I'm just joking. But seriously, I have never quite understood the "science" of technical analysis. From what I have learned about fx (which is quite limited.lol) news events seem to drive the market. Technical analysis seems like a bunch of voodoo. What good is a chart when the Non farm payrolls come out?Ignored
Dislikedone more quick note. signal providers like 4x made easy. is that solely techincial analysis?Ignored