so i have read banks trade using support and resistance. i did make daily profit with this. i targeted 100 pips daily, with the stoploss at the 2nd resistance point for the day. but this is my question, does the price need to go through a support or resistance line. i also used momentum indicator to show me the mometum for the eur usd. i noticed the price went up to that line not trough it, and then went down but we did have some upside for the day.
when line is above 100 for the day buy or sell, depending on if its at support\resistance.
when line is above 100 for the day buy or sell, depending on if its at support\resistance.
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