GBPUSD is a good example where key support and resistance levels usually give very good trade setup provided we are patient enough to let the market do their job. On 13 Dec '19 we had the Double Top formation with obvious reversal CS that should gave us one profitable trade in terms of risk:reward.
So from here, i'm bias to go long this pair at two key support levels, i.e. @1.31767 or @1.30126. As always, let the market show the way.
are those indicators that call out double top and double bottoms? if so where can I get a hold of those?
Thanks in advance :)
Oranutan
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@wenceslao3, sure can. I have been using simple SNR levels in my trading for many years, and I used to draw these levels manually on chart. But, thanks to @Che_Trader, I came across his posting on BTCoin and he did share the script to plot significant SNR levels in the chart without much hassle. I used these levels just as my edge not as buy/sell signal because I need confirmation before pulling the trigger based on my specific trade rules.
so again, my credit to @Che_Trader. Thanks buddy Y(**)Y
Thanks in advance :)