to a maximum of 1 for each trade this is good because its always better to hit harder when you are confident and scale back when youre not so confident of your trade. Your stop loss can go above the previous resistance plots and below previous support plots. Price rallied up into former support. If you read until here, Ill take my hats off to you.

Forex support and resistance levels indicator

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If you see price failing to break below this horizontal support line multiple times, it is a strong level to pay attention to too. But if your charts look like this: Youre obviously doing it wrong. Here is a price action trading strategy use can use for trading support and resistance levels. ToggleStrength : This toggles the thin lines with only one swing high/low and the thicker lines with at least 2 swing high/lows connected. Recommended settings : 1 min chart : 1 5 min chart : 3 15 min chart : 9 30 min chart : 15 1 hr chart : 25 4 hr chart : 50, this is not a hard and fast rule, rather, the main idea.