EURUSD S&R levels

7 dic 2020

I drew multiple S&R levels, although I could have drawn more I wanted to keep it fairy simple. The upper most level displays the resistance with some deviations, the middle level displays a former resistance level that turned into a new support level and finally the lower most level displays the original support level. I circled price points to serve as confirmation of these levels. My approach to plotting the levels was to plot levels with multiple points of intersection. I thought that putting the resistance levels simply at the highest price point with only one spike was incorrect, thus most of my S&R levels have deviation.