I would just like to know if there is any way that I can see if a historical support and resistance zone or supply and demand zone may hold or not.
Historically, no. It’ll be a 50/50 at best. Slight S/R predictability if large enough current option level lines up as option writers will need to buy below and sell above to hedge exposure. These usually line up at round numbers.
Once the options expire (largest is at 10am New York), the line in the sand goes away.
This week from ForexLive:
See how EurUsd price action behaved Tuesday at the 4-yard option at 1.8060-1.8070 range, creating ‘resistance’.
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On which time frame?
I’m using 1 hour
Manual draw S/R