Check out this week's Trading Support and Resistance- trading forextrading
the price rejected this level during the second half of Wednesday’s New York session withmarked by the down arrow in the price chart below signaling the timing of this bearish rejection.
based upon the size of the entry candlestick structure., as it had acted previously as both support and resistance. Note how these “role reversal” levels can work well. The H1 price chart below shows howwhich was also close to a pin barThis trade wasbased upon the size of the entry candlestick.
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