PURPLE ARROWS - resistance
ORANGE ARROWS - support
As you can see price has been used for support and resistance on both timeframes on a regular basis, Now price is almost at this level so we will be looking for a BREAK or BOUNCE of this important level... if price BREAKS and closes above this level we will BUY, if price BOUNCES and closes below this level we will SELL.... got that? really not hard is it?
People confuse themselves.... once you master your own mind you will master trading!!!
ORANGE ARROWS - support
As you can see price has been used for support and resistance on both timeframes on a regular basis, Now price is almost at this level so we will be looking for a BREAK or BOUNCE of this important level... if price BREAKS and closes above this level we will BUY, if price BOUNCES and closes below this level we will SELL.... got that? really not hard is it?
People confuse themselves.... once you master your own mind you will master trading!!!