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"the larger time frame you use to "back test" or locate those previous areas of support or resistance the stronger the level may be."Excellent advice, and for the new year. I've been told repeatedly to back test by a trader and now I know what happens while I'm looking at pivots and backtesting at the same time; strong S & R levels do not necessarily hold correctly when the price pivots between these.
Enda,
You can find an excellent website on support, resistance, and pivots at ForexPros.com under their Technical tab. Look to the left side of the screen and click on Pivot Points. You will find 5 minute pivots all the way up to 1 day pivots.
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