Hey guys. Never set your SL at local high or low. Do not become a liquidity for somebody.
Good idea for daytraders. Good support level. We can keep the short up to the support level.
This could be a great idea for swing traders. Good resistance level. As we know, in the winter season, the price drops due to low demand.
Wait until the price drops to the POI. If the price closes below the POI, do not buy. If the price closes above the POI, buy quickly. Set SL on the bottom line of the POI. R/R is 1:5 or 1:10.
