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I've read SRDC and I thought about it.
If you look at yesterday candle on GBP/USD, the close was below the open. If we were to use my suggested SR line for entry, we could have gone in at 1.9642 at the previous open (which would be the new resistance line). If we follow strictly on highs and lows, we probably will make pips but much lesser.
Today is a good example though, they might be days that we have drawdowns but it's good to explore this possibility.
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