Thanks for your question! My trading signals are based on several factors, support & resistance level is one of them. Finding them out is quite simple. For example: NZDUSD (NU)
Look at the D1 chart: I draw a horizontal line to determine the resistance. Pay attention to where I mark the yellow.
Because of I am a Day trader so I look at the H4 chart:
H4 chart:
Look at these chart, you can see how I get the resistance and the support level!
However, if there are some other references, the resistance and the support level will be more reliable.
Thanks for your question! My trading signals are based on several factors, support & resistance level is one of them. Finding them out is quite simple.
For example: NZDUSD (NU)
Look at the D1 chart: I draw a horizontal line to determine the resistance. Pay attention to where I mark the yellow.
Because of I am a Day trader so I look at the H4 chart:
H4 chart:
Look at these chart, you can see how I get the resistance and the support level!
However, if there are some other references, the resistance and the support level will be more reliable.