DislikedHi Jarroo,
Can we consider the 1.0700 lvl our first trouble area?? i still quite confuse on how to identify the so-call first trouble area.
Thank you,
skinIgnored
Usd/Chf Daily PB has some Space which looked good. Obvious FTAs are any Round Numbers that we maybe trading into. Also PPZ levels, previous bar Highs and/or Lows are what we look for when planning our targets.
The 1.0700 was the obvious RN that also shown to be a S/R level, which RNs tend to do. Next we look at previous bar High and Lows.
Once Price reaches these areas, a red flag should go off telling you that an action on your part should be taken: protecting youself from a loss, profit taking and/or reducing risk.
Indicators show the past. Price Action "Indicates" the future.