Quote:
Originally Posted by Nicholas 2001
Hello Archie 2000. May I ask if you have read some literature on the subject? What is the source of your belief that the levels of which currency bounced 3 times have to be very strong support or resistance levels? There are many other ways to define the levels of support and resistance.
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I’ve read the book of Murphy, John-Technical Analysis of the Financial Markets. It gave me basis for finding levels, and I’ve read in the forums that the level that currency bounced twice already considered to be a strong level.
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