Newbie question here. Is there a pattern as to how many times it will bounce off a support or resistance area? Just like in this chart, what made you think that it is going to bounce off again instead of breaking through it this time? Thanks!
@seanpinoyfx, hey, I think such a pattern does not exist as it jumps out or jumps in randomly :)
As the price enters the noisy area, we were looking for some reversals, soo the last bullish candle's body has closed right aligned with the highest wick point on the left side. This has triggered my shorts