the closer your trade is to the edge of repeated touch of levels the higher chance of your trade working out and the lower your risk and stop will be.
It doesnt make sense taking trades in places where there has been little to no repeated touches, its higher risk and makes less sense.
Sometimes u wont see a support level, but there will be a cluster of repeated wicks in a tiny area, that is a good sign and usually a good area to try and get in too (first red box on the left of chart)
It doesnt make sense taking trades in places where there has been little to no repeated touches, its higher risk and makes less sense.
Sometimes u wont see a support level, but there will be a cluster of repeated wicks in a tiny area, that is a good sign and usually a good area to try and get in too (first red box on the left of chart)
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