One of the most important trading, technical and price action skills you’ll need in forex trading, stock trading or trading any major market, is the ability to draw and find key support and resistance levels and zones. Make no mistake, this is a trading ‘skill’ you’ll need to build.
One of the biggest questions I get is “how do I draw and find support and resistance on my chart?”
In today’s free trading lesson, I’m going to share with you 5 tips on how to draw support and resistance so you can learn to find the best levels for your trading.
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0:50 – Support and resistance levels without the price action context is…
2:17 – why you want to draw the most important levels (and not go cray-cray with your s/r levels)
4:03 – do you draw your support and resistance levels using the wicks, or the bodies of the candles?
6:27 – why you need to think of support and resistance in a different way
9:59 – levels respected in this way will always be much stronger