theolove2021
New member
This is where I think of a lot of Forex traders get trapped when they try to draw their levels out. They are always looking for that perfect
text-book definition of a support or resistance level where the market respects it to the pip.
The NZDUSD daily chart shows something close to a textbook perfect example of a resistance level. But even here the candle wicks did not line up in perfect succession.
Notice how once the market broke through resistance, and retested the level from the other side – it held as support. Even here, the level was not respected down to the pip, the market ‘overshot’ the horizontal level a little before bouncing off it.
Keep trusting the process.
To your success.
Theophilus S.