Support Resistance Lines ( S/R Lines )
Support & Resistance Lines ( S/R Lines ) are horizontal lines connecting at to the lowest degree two previous HH or LL of PA on the chart.
To depict S/R Lines nosotros tin dismiss role HH/LL or unopen price, equally our R Line from the nautical chart above.
The mutual fault of trading these S/R Lines, is to reckon them ...lines. S/R Lines are genuinely Zones.
Normally minute R Line is a LH on the nautical chart ( is a resistance when nosotros connect at to the lowest degree two previous HH/LL ).
In this illustration using zones, nosotros could connect our minute R Line amongst previous LL/HH. ( since at that topographic point are sometimes 10p-20p difference, betwixt those levels ). Using solely a trouble nosotros can't connect them properly.
Every broken Support, becomes Resistance as well as every Resistance broken, becomes Support.
There are many ways to merchandise S/R Lines.
1. S/R Lines BO Strategy.
After a candle broke a S/R Line as well as unopen below y'all tin dismiss entry on the side yesteryear side candle opening, amongst a SL to a higher house the candle's high ( our illustration is a brusk ane ).
For TP y'all may role Trailing Stop, BE ( moving SL afterward each farther BO ) or honor the side yesteryear side Support Zone pullback. ( rejection ).
2. S/R Lines Pullback Strategy ( rejections )
If y'all await carefully at our previous chart, y'all volition encounter that was a simulated BO of the south Line on the bottom of the chart. If nosotros would of drawn a Line, nosotros mightiness of merchandise it equally a BO of south Line.
But since we've considered a south Zone ( connecting the terminal previous depression as well as the terminal ane ), nosotros await for a candle to around a higher house to entry. ( rejection )
3. S/R + TL BO Strategy
An interesting persuasion of trading S/R Lines is to combine it amongst TL.
For trading it similar this all nosotros conduct keep to produce is to lower the TF ( nosotros used H4 as well as straight off nosotros entry on H1 - for proper entry as well as a tight SL ).
4. Pending Order @ Retest previous BO of S/R Strategy
This is ane of the best as well as notwithstanding simpliest trading strategy I've e'er found.
Ypu tin dismiss role pending guild for this ( afterward previous BO ), or role rejection from R Zone.
Your SL would last @ novel formed HL. For TP y'all tin dismiss role previous LL, BE or Trailing Stop.
Best Regards,
^^_Lord_Ice_^^
To depict S/R Lines nosotros tin dismiss role HH/LL or unopen price, equally our R Line from the nautical chart above.
The mutual fault of trading these S/R Lines, is to reckon them ...lines. S/R Lines are genuinely Zones.
Normally minute R Line is a LH on the nautical chart ( is a resistance when nosotros connect at to the lowest degree two previous HH/LL ).
In this illustration using zones, nosotros could connect our minute R Line amongst previous LL/HH. ( since at that topographic point are sometimes 10p-20p difference, betwixt those levels ). Using solely a trouble nosotros can't connect them properly.
Every broken Support, becomes Resistance as well as every Resistance broken, becomes Support.
There are many ways to merchandise S/R Lines.
1. S/R Lines BO Strategy.
After a candle broke a S/R Line as well as unopen below y'all tin dismiss entry on the side yesteryear side candle opening, amongst a SL to a higher house the candle's high ( our illustration is a brusk ane ).
For TP y'all may role Trailing Stop, BE ( moving SL afterward each farther BO ) or honor the side yesteryear side Support Zone pullback. ( rejection ).
2. S/R Lines Pullback Strategy ( rejections )
If y'all await carefully at our previous chart, y'all volition encounter that was a simulated BO of the south Line on the bottom of the chart. If nosotros would of drawn a Line, nosotros mightiness of merchandise it equally a BO of south Line.
But since we've considered a south Zone ( connecting the terminal previous depression as well as the terminal ane ), nosotros await for a candle to around a higher house to entry. ( rejection )
3. S/R + TL BO Strategy
An interesting persuasion of trading S/R Lines is to combine it amongst TL.
For trading it similar this all nosotros conduct keep to produce is to lower the TF ( nosotros used H4 as well as straight off nosotros entry on H1 - for proper entry as well as a tight SL ).
4. Pending Order @ Retest previous BO of S/R Strategy
This is ane of the best as well as notwithstanding simpliest trading strategy I've e'er found.
Ypu tin dismiss role pending guild for this ( afterward previous BO ), or role rejection from R Zone.
Your SL would last @ novel formed HL. For TP y'all tin dismiss role previous LL, BE or Trailing Stop.
Best Regards,
^^_Lord_Ice_^^
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