I wonder if I could just touch base with either of you 2 more experienced guys with regard recording certain levels/zones on my prep chart that aren’t quite as clear cut as others.
I’m not really experiencing too much difficulty plotting & setting out my levels & zones based on the advices of these guys, but there’s a typical hiccup on the EUR/AUD chart below that I’ve bumped up against more than once recently & wonder how you guys would view such a zone.
I have an uncomplicated scenario that is quite straightforward & obvious. The 2 lower levels on the EUR/CAD are right there for all to see & price is being traded off the first zone yesterday & today as expected. If it breaks lower then I have my second zone already plotted & waiting for any action on the approach.
The niggly one is the EUR/AUD chart. The 2 upper zones are clear & obvious, but the lower zone not so much.
Although it acted as resistance in January, late February & on 3 occasions in March, it also completely ignored the zone during Feb & March.
So my query is, are those types of zones typically high or low probability in your book, or should I simply skip over them & locate the next obvious zone?