How To Read Structure (Charts) Tutorial. Charts 1-5By the time you are done with this tutorial, You will understand Structure, Trends, Reversals & much more! This tutorial will teach you how to dig deep into the charts & analyze where price is likely to go next!
Reading Structure can be difficult when you first start trading, however most professional traders (if not all) understand structure very well and it is definitely a skill that will dramatically help you on your journey to becoming a professional trader. I tried to make this as clear & simple as possible for anyone to understand but do not worry if this is complicated or a little confusing at first. If you are new to trading, you will benefit by studying and looking over these charts multiple times. I have found that it is also helpful if you grab a piece of paper and a pencil so you can draw the chart that you are looking at. Draw a very simple line chart and mark the highs & lows as shown in the tutorial with support & resistance lines.. You will learn much faster by doing this while training your eyes to identify trends & reversals. After you do this enough, it will start to become 2nd nature & you will spot these crucial moments in structure with a quick glance at the charts.
This is the first section of the Reading Structure Tutorial. This section will consist of 6 Charts total:
Chart 1- An Easy and effective way to determine trend.
Chart 2- Following The Trend with Support & Resistance (Highs & Lows)
Chart 3- Continuation of Chart 2
Chart 4- Identifying Possible Trend Reversals
Chart 5 - When Structure Doesn't Make Sense, Do Not Trade!
Chart 6- Another Reversal
I have put a lot of time & effort into this tutorial so feel free to ask any questions you may have.. I will be publishing section 2 of the "How To Read Structure" tutorial next week. Please leave a comment below or message me with your thoughts regarding this lesson. I am happy to continue publishing them if they are helpful to you.
We are going to scroll through this chart & follow structure. This is a 60 Minute Chart of GBP-USD.
Chart 1
Chart 2, In this Chart we are going to look at the highs & lows shown on Chart 1.
Chart 2 Continued, (Continuation of Chart 2.)
Chart 3, Identifying Possible Trend Reversals.
Chart 4, In depth Analysis of Chart 3.
Chart 5, Another Example of a trend reversal
Section 2 of "How To Read Structure" will be published next week & I will be sure to update this tutorial with the new charts as well as publish a separate idea. Take your time & really study these charts. There is a ton of valuable information in this tutorial & by the time you get through all the sections, you will have a much easier time reading structure. Please be sure to give this tutorial a thumbs up if it was helpful & you would like me to continue posting them. Thanks Traders & I hope you enjoyed the 1st section of this tutorial!
