Support and Resistance Spillover

There's a short lesson on support and resistance spillovers on Dailyfx.  Specifically, they talk about using 20% of the range for stop placement below or above the new low or new high. If you are fading and short at proximity of the range high, instead of placing a tight stop right above the range high, you would calculate 20% of the range and place a stop loss at that value above the range high.

Support and Resistance Spillover

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