I always look at the last wave of price, meaning the most recent wave, because that's the most significant price data you have. When price bounces, it's likely it bounced from a significant s/r level. So I start with a monthly chart and identify S/R levels on the most recent wave/waves. Then go to a weekly, daily, H4 and H1 chart and do the same. But if you want to backtest, you can just go to an H1 chart, scroll back a few pages, so you don't remember what's next, then try to identify s/r levels on that page. after you do that, scroll forward and...
But I was confused on how far back to go to draw lines.... 1 month 2 months etc.
). I just doubled a 10,000$ account in two months using just gbpusd. I made 14 trades, 13 winners and 1 loser. Supply and demand is simply amazing!
