Dont be a D#@k... its DUCK honestly ;p
Here we have some really strong support and resistance levels drawn on the chart ( green lines ) They are classed as strong because price touched them and then bounce a number of times ( I will let you figure these out for yourselves... I'm not spoon feeding you ) ;p
You can also see a lovely trend line TL that has been touched more than once, so this is also classed as strong.
Now because these levels an TL are strong a break of any of these could see a big move, again you can see all this on the charts.
When price is these key levels in NO MANS LAND we tend not to take a trade, we will wait for price to retest these levels and wait for a break or a bounce before jumping in a trade. I keep saying it and I will keep saying it until you get p#sed off with me...... but patients is key!!!!!!!
Get the larger timeframe charts up ( we like to use 1 day and 4H charts ) and zoom all the way out... this will make spotting these levels so much easier.
So don't be a D@#k and practise this... it will make you a more profitable trader.
I hope this has helped you.
'
You can also see a lovely trend line TL that has been touched more than once, so this is also classed as strong.
Now because these levels an TL are strong a break of any of these could see a big move, again you can see all this on the charts.
When price is these key levels in NO MANS LAND we tend not to take a trade, we will wait for price to retest these levels and wait for a break or a bounce before jumping in a trade. I keep saying it and I will keep saying it until you get p#sed off with me...... but patients is key!!!!!!!
Get the larger timeframe charts up ( we like to use 1 day and 4H charts ) and zoom all the way out... this will make spotting these levels so much easier.
So don't be a D@#k and practise this... it will make you a more profitable trader.
I hope this has helped you.
'
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.