As you move up to longer timeframes, the support and resistance areas become stronger. So the Daily will be more reliable than the 4H, and the weekly more than the daily and so on.
4H SR could be useful if you're trading intraday, but if you read this thread from the beginning, you'll find posts from members who had to abandon lower TF SR because the market conditions we have been operating under since the "great financial crises" began, has made these less reliable.
I watch these areas get blown right through more often than not.
All of these above are looking good to go long USD. EU and UCAD have pin bars at S/R, and the kiwi is looking ready to resume its fall now that it has hit its trendline. Does this mean there is money laying in the corner?
Thanks for the explanation
I am wondering, how one can make out good resistance areas. The easy kind of it are the resistance lines. But in many times you can shift your resistance line a bit up or down. That is the problem. I often ask myself where the actual important resistance is.
This ambiguity make me to get different conclusions at minimal different levels. E.g. when I have in pin par in my resistance line and I know I can shift my resistance line a bit up or down I come to the open position conclusion or not.
I think the resistance...
