I have a question. On Friday, after G/U twice failed to break through 1.6340
support and started moving up and I noticed E/U also moved up, I decided to test it. If it failed to break lower, probably it will move higher, so I took long position at 1.6395. Took 70 pips.
Does it mean for example that if after few attempts price failles to take out S/R level we can take trade in opposite direction?
support and started moving up and I noticed E/U also moved up, I decided to test it. If it failed to break lower, probably it will move higher, so I took long position at 1.6395. Took 70 pips.
Does it mean for example that if after few attempts price failles to take out S/R level we can take trade in opposite direction?