Hey Pocrel,
Do you use this strategy when a PWH gets broken and then acts as support ? See here on NZD/USD
NZDUSD - anyone on it?
Do you have an EA for PWH/PWL ? I'm drawing them manually on my charts at the moment.
And today...
Pocrel -you're becoming slack of late. So stop going to all these Christmas lunches/parties and spend more time at your desk. People are beginning to notice your unauthorised absences you know! Get a grip man!
the blue area I marked was what I call a 'first trouble area' this is the level at which price is likely to stall while the market decides what it is going to do. I wouldn't call it resistance per se as that would be misleading. Price may or may not go on to break through the blue level however at the very least I would expect it to react there and hang around a bit.