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How are you? Hope you guys are doing very well,
How are you? Hope you guys are doing very well, and will come this new video from Trader never sleep
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Actually, we are sharing here on this channel videos of
Actually, we are sharing here on this channel videos of me analyzing the market and also some videos where I'm doing some way of threads, right front of, you know, I think it's no better time to
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I think it's pointless actually to do some live trades
I think it's pointless actually to do some live trades and showing you that are saying from The View that okay, here we have a strong support level or a strong resistance level without explaining
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Why did I see it as a strong support and
Why did I see it as a strong support and resistance level? So what actually make these support and resistance levels is strong
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All right, so before we proceed with this topic, it's
All right, so before we proceed with this topic, it's very important that we should agree on one thing here that the support and resistance levels, they are permanently there
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What do you see any support or assistance levels appeared?
What do you see any support or assistance levels appeared? You have to be sure that this level is just not randomly play
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Especially when it is a strong support and resistance levels
Especially when it is a strong support and resistance levels West, which I will explain later, how do we know that it is a strong or not strong? Support resistance level? No, the thing is we need
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Is, did you find that the support? And assistance levels
Is, did you find that the support? And assistance levels are permanent levels
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I have explained this many times in the videos on
I have explained this many times in the videos on my channel, but I'm very sure that some of the new subscribers and I think even the new subscribers, they haven't seen all the videos, and that's
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Before we proceed with this video because it's one of
Before we proceed with this video because it's one of the very, or actually the most important aspect in this video here
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So, right now I'm on the Euro USD, I am
So, right now I'm on the Euro USD, I am on the photo was shot and I'm going to switch to that monthly chart right now guys, this is the monthly chart we're talkin about
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I'll let me just select any support or resistance level
I'll let me just select any support or resistance level randomly from the past
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This living, which I selected, it was also in the
This living, which I selected, it was also in the past the strong support
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My God, it was 10 years old that day, so
My God, it was 10 years old that day, so we can see that this level, which was a support level
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How does distance level and it was actually quite strong
How does distance level and it was actually quite strong level because we can see that the destruction happened here in the place, went way down before it actually reversed on the support level
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However, later on this resistance level which has been fought
However, later on this resistance level which has been fought being performed in 1998, has kept its position as it is
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A stance in 2004, then later on in 2005, it
A stance in 2004, then later on in 2005, it gives the position as a resistance
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Then finally, in 2006 it has become a support and
Then finally, in 2006 it has become a support and it keeps its position as a support for more than 10 years actually
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Until 2014 has been finally breaking out from this level
Until 2014 has been finally breaking out from this level of the support
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So, imagine that this resistance has become a support and
So, imagine that this resistance has become a support and again, the support is again
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The support has been finding the breaking out then later
The support has been finding the breaking out then later on to the modern days in 2017
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So what's the deal here? The deal here is the
So what's the deal here? The deal here is the support and resistance level
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And when you see that support or resistance perform, you
And when you see that support or resistance perform, you have to be sure that this level was also in the past the strong support, the resistance
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What is the thing identifying the support or resistance to
What is the thing identifying the support or resistance to be strong or weak? I'll let me just agree on the term or let's go to this part later
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Now, when you see this resistance level and you see
Now, when you see this resistance level and you see this resistance level is well, now these are both resistance levels
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So when you see this resistance level and we have
So when you see this resistance level and we have here also at resistance level, and by the way, We have also hear resistance level
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If I asked you, which one of these you consider
If I asked you, which one of these you consider is the strongest level
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When the market went up here, it just continue to
When the market went up here, it just continue to fall more down than the market went up here and again, made a pullback
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Once the market hit this resistance level, he just made
Once the market hit this resistance level, he just made a continuation of going down and it just kept thinking, and changing the whole direction
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That is what we call guy is a key resistance
That is what we call guy is a key resistance because this level was very strong, and there was no restriction on this level
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There was no breakout on this level and the market
There was no breakout on this level and the market could not even good and couldn't even go for each
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Once the market Reach, This level, it could not even
Once the market Reach, This level, it could not even perform a single candle to break out from this level and immediately started to fall more down
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Meaning there is section of breaking out from the city
Meaning there is section of breaking out from the city systems was quite strong
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That is what lead us to identifying the key support
That is what lead us to identifying the key support and resistance levels
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So what are they? There is simply the levels where
So what are they? There is simply the levels where the price has been rejected
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As we can see right here, I'll rejected to be
As we can see right here, I'll rejected to be breaking out in changing the whole Trend Direction
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So, this way here, the Trent was actually going up
So, this way here, the Trent was actually going up until it had this resistance level, the key resistance level and then once it once it's happened, the whole Trend Direction change
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So, it's not just a pullback right now, just not
So, it's not just a pullback right now, just not like a pull back here here
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When we once we can see here that the market
When we once we can see here that the market when it is, when it's this resistance level, It just got to the more down and going up
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Again, this one here, also, it just go down and
Again, this one here, also, it just go down and again continue to go more up
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This one is different because once the market touch this
This one is different because once the market touch this level is just continue to fall more down
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Right now, it's a better Summit and the market has
Right now, it's a better Summit and the market has changed the whole direction
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So if we want to look in the past where
So if we want to look in the past where what is now the support of the support is a key support
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It's a simply right here and right here, and right
It's a simply right here and right here, and right here, and here, again, if you want to find the key support and resistance levels, they are simply identified as the levels where the whole Market change,
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Now, it's very important actually to mention that these things
Now, it's very important actually to mention that these things cannot be identified unless it's in the past because you need to rely on them
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Where is the next key support resistance level is going
Where is the next key support resistance level is going to approach her going to appear
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And then we are going to rely I wanted to
And then we are going to rely I wanted to find another support and resistance levels
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Now, what we can see here that we had a
Now, what we can see here that we had a very strong key resistance level
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All right, now, the question is, is this level going
All right, now, the question is, is this level going to perform another key resistance in the, in the future? The answer is, no, this level is not necessarily gonna perform another strong resistance
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Level is just going to create another resistance such as
Level is just going to create another resistance such as this one here
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So this level it has been performed as a resistance
So this level it has been performed as a resistance and we identify this level that we get with that
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Even in the later, in the future on, we can
Even in the later, in the future on, we can see that it has become also
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The thing is, these key and supports resistor key support
The thing is, these key and supports resistor key support and resistance levels, they can actually be used in the D
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Today is threading, they always been performed in the past
Today is threading, they always been performed in the past and we have to rely on them to know the student level and where we should actually place our translator
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Let's go now to actually what we are going to
Let's go now to actually what we are going to do actually on the floor chart now on the floor chart, it's actually exactly the very same thing
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Okay, so I don't know if I want to see
Okay, so I don't know if I want to see this chart, actually, you know, something, let me go to the Past randomly
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Let's see what we are thinking about, what we can
Let's see what we are thinking about, what we can see, right here on the photo was shot on the cat JPY
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We can see that we have dealer pullbacks, and the
We can see that we have dealer pullbacks, and the market continued to Gomorrah
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It's just like a steady climb being the market, all
It's just like a steady climb being the market, all the way until we see something different right here
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This right here, identifying that this bullish momentum, has been
This right here, identifying that this bullish momentum, has been completely change
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Now, what we need to do Please go now in
Now, what we need to do Please go now in the future and wait for the right moment to place another thread right here
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The reversal as I as I told you just now,
The reversal as I as I told you just now, this key resistance level is not actually going to keep its position as a strong resistance level
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No, let's see how many Pips they could have given
No, let's see how many Pips they could have given us almost forty-one tips
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It was actually a key support because we can see
It was actually a key support because we can see that we have a better set Trend which is later, become a bullish Trend because the Restriction was very strong on this level in the whole Trend
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Also, we can see that we have the downtrend here
Also, we can see that we have the downtrend here once the market reaches level, it just change the whole Direction and now it's going on uptrend
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So, what should we do here? Actually, we always have
So, what should we do here? Actually, we always have to be careful when we are trading the key support and resistance levels
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I'm just going in the future more and more now
I'm just going in the future more and more now May 4th made for and we can see it
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It was also a resistance level, a resistance that resistance
It was also a resistance level, a resistance that resistance has been breaking out again as a support here
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And so on, no matter how far do you go
And so on, no matter how far do you go in the future, or in the past, you will see it still there
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Okay, we have reached this level, when the market did
Okay, we have reached this level, when the market did not even reach that the resistance level, I selected
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So this support level, we can see that it kept
So this support level, we can see that it kept acting as a support, even in December, and we can see that it was also a resistance right here, and right here, and also performed as a
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I think this is not a, this obviously, this is
I think this is not a, this obviously, this is out, which year is that
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This level is keep this position as a support right
This level is keep this position as a support right here, even that future also
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It kept his position as a support and resistance resistance
It kept his position as a support and resistance resistance resistance so we can see
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So the idea that I'm trying to tell you here
So the idea that I'm trying to tell you here is, if you draw these lines, you can actually find you in the modern support and resistance levels
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The thing that I'm trying to reach in this video,
The thing that I'm trying to reach in this video, what I'm trying to explain to you in this video right now, the current prices on 83717
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Now, what you need to do is look in the
Now, what you need to do is look in the past and find the nearest key support and resistance levels and throw your line on it, waiting for the market to actually reverse
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It already went down through testing this level and then
It already went down through testing this level and then continue to go more up
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I'll what we need to find his key resistance where
I'll what we need to find his key resistance where the market has completely changed Direction and it is actually exactly
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This level here, we can see that the market has
This level here, we can see that the market has reversed and we can see that the market is already reversing
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It's almost touching this level just to Pips away and
It's almost touching this level just to Pips away and I'm sure this level now is going to perform to be another key resistance
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You know, something, I'm thinking to place a thread here
You know, something, I'm thinking to place a thread here just to prove to you how strong my stride
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And let me just be sure before I do that,
And let me just be sure before I do that, just to be sure that we're going to expect a reversal right on this very same level
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Also, it was also another key resistance level, the very
Also, it was also another key resistance level, the very same level where the Price Is, Right, is on the right now
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Let me show you what all can happen after placing
Let me show you what all can happen after placing the cell order, I'll what we can expect from this level
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And I'm going to actually set my tech profit to
And I'm going to actually set my tech profit to be the nearest support a resistance, which is right here because this is the nearest support that is good life to read during this explanation
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It is going to prove that what I'm explaining to
It is going to prove that what I'm explaining to you right here in this video is actually valuable and it does work out better
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Let me know pause this video before we continue in
Let me know pause this video before we continue in the Appalachian about support and resistance
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I will pause this video right now and I'll be
I will pause this video right now and I'll be back to you to show you later
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What will happen with this trade? Okay, so I have
What will happen with this trade? Okay, so I have been thinking that this thread actually might take some time to finish and listen better to continue explaining explaining more about support and resistance
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And by the end of the video, I'm going to
And by the end of the video, I'm going to show you what we're going to happen with this thread
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How many reversals you had here? One, two, three, four,
How many reversals you had here? One, two, three, four, five, six, seven, eight, nine, 10 10, reverses a resistance and it just continue to go to Gilmore 11, 12, 13, 14, 16, 17, 18, 19, 20
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So always, we had a reversal on this resistance level
So always, we had a reversal on this resistance level and it is identified as a key resistance
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Now, I hope by that you have a good idea
Now, I hope by that you have a good idea now about under finding some ski support and resistance levels
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However, there is also another way if you want to
However, there is also another way if you want to be sure that you have spot in the strong
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Okay, I'll let me just switch to another pair so
Okay, I'll let me just switch to another pair so I can explain to you in brief how we can identify the strong support and resist
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Can do actually is drawing a trend lines in these
Can do actually is drawing a trend lines in these Trends lines will be showing you the strong support and resistance levels
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So right now we have a trend right here and
So right now we have a trend right here and I'm going to draw the trans line like that and then I'm going to pull on it to create the channel like that
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Okay? Know these levels you are seeing right in front
Okay? Know these levels you are seeing right in front of you, that is touching the trend lines
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You are looking for that is one trick actually to
You are looking for that is one trick actually to identify them because we can see
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Once the trend line, I started once the candles has
Once the trend line, I started once the candles has touched the student line to change the whole Direction
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And right now, it's chance from upper Ward to be
And right now, it's chance from upper Ward to be downward, so it is not a downtrend
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So we can see The trend was going down, and
So we can see The trend was going down, and once it touch this support trendline, you just continue bouncing up
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Because let me just I'll prove it to you again
Because let me just I'll prove it to you again in the past on daily candles
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So now when the pound is the I'm going to
So now when the pound is the I'm going to draw my goodness that's not happening at the front line like that
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So, this is presenting a Channel of the trend lines
So, this is presenting a Channel of the trend lines like that, what's happening here
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So what we have here is a channel of this
So what we have here is a channel of this trend line and this are this, these levels that is touching, actually the trend lines, they are representing to you the strong and key support and resistance
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Now, you can simply draw a horizontal line, right? On
Now, you can simply draw a horizontal line, right? On them like that, and let's throw another line
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Like that on the top of these candles, which are
Like that on the top of these candles, which are touching the trendline levels and we can draw also on here right on the support because it is part of the straight lines
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This one in, the next one, we're going to draw
This one in, the next one, we're going to draw is touching the support level at the bottom right here
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Now let's see in the future, what happened with these
Now let's see in the future, what happened with these levels that you just erase this trend line here
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So this resistance level has become also a resistance on
So this resistance level has become also a resistance on the very same level
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This one also has become a strong resistance later in
This one also has become a strong resistance later in the future, which was also by the way
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Another support level has been breaking out and became a
Another support level has been breaking out and became a strong resistance level
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It has became a resistance and here, also, it became
It has became a resistance and here, also, it became a resistance, and right here, and right here, and also right here
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So, this actually created for us, a strong resistance sound,
So, this actually created for us, a strong resistance sound, we can see the reversal happened again right here, and right here
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So we can show you how to identify the key
So we can show you how to identify the key support and resistance Levels by drumming a trendline of that
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And just to draw holder symptom lines on the candles,
And just to draw holder symptom lines on the candles, that is touching the trans lines as a supporter in line or resistance
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Also, right here, it became a support and right here
Also, right here, it became a support and right here at became a support right here as well
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I think ya until today, the market did not reach
I think ya until today, the market did not reach at this level which I'm sure we're going to witness another Reversal
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So again, I have to explain if you want, for
So again, I have to explain if you want, for example to fund currently, what is currently now? Okay, it is good
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But again, how can I use that on my day
But again, how can I use that on my day trading, seller? How can I use this for my trades? When I'm just trying to find the correct level to enter my thread or not? The answer
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This is right here, it's a support transplant and what
This is right here, it's a support transplant and what we will do next is drawing a horizontal lines on the levels where the candles are touching this level
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Meaning, I'm going to draw a horizontal line right here
Meaning, I'm going to draw a horizontal line right here and right here, and right here
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Because again, these are the levels where they are actually
Because again, these are the levels where they are actually touching the trend line like that
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And another one, just like that, because here, when it
And another one, just like that, because here, when it is touching, actually the trendline, we can see right now, the market is approaching this level, it is right on it, this living, which was acting as
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Good, remember, what on the weekly candles? Let's go to
Good, remember, what on the weekly candles? Let's go to the four chart, right now, we can see that the reversal has already happened on this level guys, believe in what I'm teaching you here is gold,
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You can see that the reverse that happened right here
You can see that the reverse that happened right here and is, I'm always mentioning him for the attempt
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Number one, always attempt number one of the support or
Number one, always attempt number one of the support or resistance is the strongest
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We can see here that the V, the very first
We can see here that the V, the very first time the market has reached this level
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I remember, I was in the lesson on weekly candles,
I remember, I was in the lesson on weekly candles, going back to the four hours shots
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We can see that we had a really good trade
We can see that we had a really good trade to So this level was actually strong guys that resistance and you can see the reversal happened
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And if you exit your threat at the nearest support
And if you exit your threat at the nearest support following my strategy, we could look at we could look for almost 81 pics of profit
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Now, can I enter the next attempt? Maybe it's not
Now, can I enter the next attempt? Maybe it's not really, that recommended always, I'm saying to you in my videos
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Okay, okay, all right, all right, all right, let's go
Okay, okay, all right, all right, all right, let's go to another example
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I know let's go to another example, I'll let's try
I know let's go to another example, I'll let's try to find the best levels to play as the tread, all right? I'll just need to find a better chart so I can show you right now
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No, sorry I just to find the best chart that
No, sorry I just to find the best chart that we can explain about the trend
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As I mentioned to you, we need to find out
As I mentioned to you, we need to find out the strong support and resistance levels
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And by the way, we can, again we can use
And by the way, we can, again we can use the trend line so you can throw the channel on the tread Lions, what's the country? What we need to do right now is drawing a channel
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I'm trying to find actually a good way to draw
I'm trying to find actually a good way to draw to hear, but I can not fun to be honest with you
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However, the market just kept going to below this level,
However, the market just kept going to below this level, we can see the diversity happened right here and right here as well
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However, there is no, currently good level that we can
However, there is no, currently good level that we can show you a good entry based on student lions, look, let's check this one out
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So right here, I'm going to draw the trend line
So right here, I'm going to draw the trend line Channel, as I mentioned to you like that, like this
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If I click on it, I can make it like
If I click on it, I can make it like that as simply as that, all right
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Now, let's draw out a central line on the top
Now, let's draw out a central line on the top of this resistance and support
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It is actually the best level to play as my
It is actually the best level to play as my cellar, that I have to wait for the candidate to reach all the way up here
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That is actually, by the way, what you are going
That is actually, by the way, what you are going to see on the next analysis videos? When I'm actually going to do one video for one for each pair, I'm going to go more deep and
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explanation explanation and modern analysis, deep analysis, deep analysis
explanation explanation and modern analysis, deep analysis, deep analysis
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That's why I decided that today I have to make
That's why I decided that today I have to make this video to explain to you what you are going to see in the next videos
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Let me just continue that like the drawing the horizontal
Let me just continue that like the drawing the horizontal line on the resistance levels
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Which is touching the resistance trendline continue like that and
Which is touching the resistance trendline continue like that and right here
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What else we can? We have here another one and
What else we can? We have here another one and we have also right here, another one
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What happened? This liver? What I mentioned that it is
What happened? This liver? What I mentioned that it is touching the resistance student line
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If you did that, as I'm doing as I'm saying,
If you did that, as I'm doing as I'm saying, we can see this this support level has became a strong support resistance level and it kept its position is another resistance
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Check it out the very same level guys where I
Check it out the very same level guys where I draw my trendline and I were touching the candles and touching me, the support Frontline
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It was also another resistance actually, I don't know what's
It was also another resistance actually, I don't know what's happening to me, I'm not feeling good
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I just wanted to show you this guy's to explain
I just wanted to show you this guy's to explain to you more about support and resistance
-
In the meantime I have now deposit record and then
In the meantime I have now deposit record and then be back to you later to show you what we're going to happen with this trade and hopefully it's going to be in profit
-
Now, let me pause this video and I'll be back
Now, let me pause this video and I'll be back to you once this trade is finished
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The problem is right now, it is 12:30 23m here
The problem is right now, it is 12:30 23m here in the debate time and the market is about to close
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So I have to close this thread right now, but
So I have to close this thread right now, but in the end I just hope that this is proven to you
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That's what I'm talkin about about support and resistance is
That's what I'm talkin about about support and resistance is indeed very powerful and it does work
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However you will see me doing a lot of these
However you will see me doing a lot of these kind of Trades and Analysis analysis and Analysis in the future videos
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So I hope I watching this you will be able
So I hope I watching this you will be able to understand more about support and resistance
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And it will help you indeed the find the best
And it will help you indeed the find the best support and resistance entry levels that you can find on the chart
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However, in the end, I hope that was this video
However, in the end, I hope that was this video was informative to you, and I would like to thank you for watching
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00:00:00Very good afternoon, my friends
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00:00:02How are you? Hope you guys are doing very well, and will come this new video from Trader never sleep
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00:00:07This is Cellar
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00:00:08Speaking of every week and every month
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00:00:10Actually, we are sharing here on this channel videos of me analyzing the market and also some videos where I'm doing some way of threads, right front of, you know, I think it's no better time to
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00:00:20actually make a video explaining more about support and resistance
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00:00:23I think it's pointless actually to do some live trades and showing you that are saying from The View that okay, here we have a strong support level or a strong resistance level without explaining
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00:00:34Why did I see it as a strong support and resistance level? So what actually make these support and resistance levels is strong
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00:00:41This is what we will know
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00:00:42Now, right in this video
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00:00:44All right, so before we proceed with this topic, it's very important that we should agree on one thing here that the support and resistance levels, they are permanently there
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00:00:52What do you see any support or assistance levels appeared? You have to be sure that this level is just not randomly play
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00:00:59Especially when it is a strong support and resistance levels West, which I will explain later, how do we know that it is a strong or not strong? Support resistance level? No, the thing is we need
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00:01:11to agree on again
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00:01:12Is, did you find that the support? And assistance levels are permanent levels
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00:01:16I have explained this many times in the videos on my channel, but I'm very sure that some of the new subscribers and I think even the new subscribers, they haven't seen all the videos, and that's
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00:01:27why it's very important that we should mention this
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00:01:29Before we proceed with this video because it's one of the very, or actually the most important aspect in this video here
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00:01:36So, right now I'm on the Euro USD, I am on the photo was shot and I'm going to switch to that monthly chart right now guys, this is the monthly chart we're talkin about
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00:01:46I'll let me just select any support or resistance level randomly from the past
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00:01:51I'm going to select, actually this liver right here
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00:01:54So let me just draw the line on it like that
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00:01:57So my, my resistance line has been Ron Wright on the support level
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00:02:01As you can see it right here, I'll let's just see something here
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00:02:04This living, which I selected, it was also in the past the strong support
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00:02:08And guys, this is almost October 1996
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00:02:12My God, it was 10 years old that day, so we can see that this level, which was a support level
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00:02:18In 1996, has become later
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00:02:19How does distance level and it was actually quite strong level because we can see that the destruction happened here in the place, went way down before it actually reversed on the support level
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00:02:28However, later on this resistance level which has been fought being performed in 1998, has kept its position as it is
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00:02:35A stance in 2004, then later on in 2005, it gives the position as a resistance
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00:02:42Then finally, in 2006 it has become a support and it keeps its position as a support for more than 10 years actually
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00:02:49Until 2014 has been finally breaking out from this level of the support
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00:02:54So, imagine that this resistance has become a support and again, the support is again
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00:02:59The support has been finding the breaking out then later on to the modern days in 2017
-
00:03:04This support level actually not 2018
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00:03:07This support has become right now then your resistance
-
00:03:11So what's the deal here? The deal here is the support and resistance level
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00:03:15You are seeing in the market
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00:03:16They are always permanently there
-
00:03:18They are just printed in the chart
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00:03:20And when you see that support or resistance perform, you have to be sure that this level was also in the past the strong support, the resistance
-
00:03:27Now that is one part that we have
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00:03:30We have finished
-
00:03:30And now we now we know that these livers are permanent now
-
00:03:34What is the thing identifying the support or resistance to be strong or weak? I'll let me just agree on the term or let's go to this part later
-
00:03:42Now, when you see this resistance level and you see this resistance level is well, now these are both resistance levels
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00:03:49Let me just tell some guys so we can see it, clear? All right
-
00:03:53So when you see this resistance level and we have here also at resistance level, and by the way, We have also hear resistance level
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00:04:01If I asked you, which one of these you consider is the strongest level
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00:04:04Of course, you are going to point right on this level
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00:04:07Nobody, I think we'll point on these two here
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00:04:09Why? Because these two, they are just the pullbacks these to hear
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00:04:13They are just assembling a pull back on the market
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00:04:16When the market went up here, it just continue to fall more down than the market went up here and again, made a pullback
-
00:04:23And again, continue to go more up until it hits
-
00:04:25This resistance level
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00:04:26Once the market hit this resistance level, he just made a continuation of going down and it just kept thinking, and changing the whole direction
-
00:04:33That is what we call here
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00:04:35Key resistance
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00:04:36That is what we call guy is a key resistance because this level was very strong, and there was no restriction on this level
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00:04:42Sorry, sorry that his action was very strong on this level
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00:04:46There was no breakout on this level and the market could not even good and couldn't even go for each
-
00:04:51Not even one pit be on this level
-
00:04:52Look at that
-
00:04:54Lets again, draw the line
-
00:04:55So the market has reached the same level or the very same law
-
00:04:59All this previous support level here once the market
-
00:05:02Once the market Reach, This level, it could not even perform a single candle to break out from this level and immediately started to fall more down
-
00:05:09Meaning there is section of breaking out from the city systems was quite strong
-
00:05:13That is what lead us to identifying the key support and resistance levels
-
00:05:17So what are they? There is simply the levels where the price has been rejected
-
00:05:22As we can see right here, I'll rejected to be breaking out in changing the whole Trend Direction
-
00:05:27So, this way here, the Trent was actually going up until it had this resistance level, the key resistance level and then once it once it's happened, the whole Trend Direction change
-
00:05:38So, it's not just a pullback right now, just not like a pull back here here
-
00:05:42When we once we can see here that the market when it is, when it's this resistance level, It just got to the more down and going up
-
00:05:49Again, this one here, also, it just go down and again continue to go more up
-
00:05:54This one is different because once the market touch this level is just continue to fall more down
-
00:05:59There's no more upper momentum here
-
00:06:01Right now, it's a better Summit and the market has changed the whole direction
-
00:06:05That is what we're talking about
-
00:06:06So if we want to look in the past where what is now the support of the support is a key support
-
00:06:12It's a simply right here and right here, and right here, and here, again, if you want to find the key support and resistance levels, they are simply identified as the levels where the whole Market change,
-
00:06:23the direction of the trans level, like example here
-
00:06:25So, the trend Direction has been changed and the balance was strong
-
00:06:29Now, it's very important actually to mention that these things cannot be identified unless it's in the past because you need to rely on them
-
00:06:36You cannot ask me
-
00:06:38Where is the next key support resistance level is going to approach her going to appear
-
00:06:42That is something we cannot know for sure
-
00:06:44We have to wait for it to happen
-
00:06:45And then we are going to rely I wanted to find another support and resistance levels
-
00:06:49I'll let me just explain to you again, this level
-
00:06:53If we just delete this one guy's, please Focus
-
00:06:56Don't don't
-
00:06:57Skip this one
-
00:06:58It's very important to understand
-
00:07:00Now, what we can see here that we had a very strong key resistance level
-
00:07:03All right, now, the question is, is this level going to perform another key resistance in the, in the future? The answer is, no, this level is not necessarily gonna perform another strong resistance
-
00:07:14Level is just going to create another resistance such as this one here
-
00:07:17So this level it has been performed as a resistance and we identify this level that we get with that
-
00:07:23We can look for a strong reversal right here
-
00:07:26Even in the later, in the future on, we can see that it has become also
-
00:07:29Another resistance, however, it was not a strong resistance level
-
00:07:33The thing is, these key and supports resistor key support and resistance levels, they can actually be used in the D
-
00:07:39Today is threading, they always been performed in the past and we have to rely on them to know the student level and where we should actually place our translator
-
00:07:47Okay, so actually I think it's enough with the monthly chart
-
00:07:50Let's go now to actually what we are going to do actually on the floor chart now on the floor chart, it's actually exactly the very same thing
-
00:07:58Now I can just delete that
-
00:08:00Okay, so I don't know if I want to see this chart, actually, you know, something, let me go to the Past randomly
-
00:08:07I'm just going to randomly in the past
-
00:08:09I don't know if you I'm selling
-
00:08:11I'm selecting any any child randomly? I don't know
-
00:08:14When I will stop
-
00:08:15Okay, Randall e
-
00:08:17Now, let's go even more to the burst again guys
-
00:08:19Randomly stopped
-
00:08:21Okay, no
-
00:08:22Let's see what we are thinking about, what we can see, right here on the photo was shot on the cat JPY
-
00:08:28We can see that we have dealer pullbacks, and the market continued to Gomorrah
-
00:08:32It's just like a steady climb being the market, all the way until we see something different right here
-
00:08:37This right here, identifying that this bullish momentum, has been completely change
-
00:08:41And now it's a downtrend
-
00:08:43Meaning this level can be treated as a key resistance
-
00:08:45Now, what we need to do Please go now in the future and wait for the right moment to place another thread right here
-
00:08:51That is a good example
-
00:08:52Now we can see that we had here
-
00:08:54The reversal as I as I told you just now, this key resistance level is not actually going to keep its position as a strong resistance level
-
00:09:03Again, it's not going to be another key resistance
-
00:09:06This key resistance is telling you that we have here
-
00:09:09A strong level that can be act as a support, a resistance
-
00:09:11No, let's see how many Pips they could have given us almost forty-one tips
-
00:09:16Then later on the very same level has become another support
-
00:09:19It was actually a key support because we can see that we have a better set Trend which is later, become a bullish Trend because the Restriction was very strong on this level in the whole Trend
-
00:09:29Direction
-
00:09:29Change later on the very same level
-
00:09:31Also, we can see that we have the downtrend here once the market reaches level, it just change the whole Direction and now it's going on uptrend
-
00:09:40So, what should we do here? Actually, we always have to be careful when we are trading the key support and resistance levels
-
00:09:47Because as I mentioned, they are going to be permanent
-
00:09:49However, you cannot expect them to be again
-
00:09:52Another key or support assistants, look at that
-
00:09:55I'm just going in the future more and more now May 4th made for and we can see it
-
00:10:01It was also a resistance level, a resistance that resistance has been breaking out again as a support here
-
00:10:06And so on, no matter how far do you go in the future, or in the past, you will see it still there
-
00:10:12I'm going in right now more than the future
-
00:10:14Okay, we have reached this level, when the market did not even reach that the resistance level, I selected
-
00:10:21All right, let me select now
-
00:10:23Something else randomly, and I'm going to select this one right here
-
00:10:26So this support level, we can see that it kept acting as a support, even in December, and we can see that it was also a resistance right here, and right here, and also performed as a
-
00:10:36support, right here
-
00:10:37Let's see
-
00:10:38More in the future
-
00:10:38I think this is not a, this obviously, this is out, which year is that
-
00:10:43Okay, let's just skip this part
-
00:10:46Go back to the fall
-
00:10:47For chart, I don't want to confuse you
-
00:10:49All right, let's continue checking
-
00:10:52Look at that
-
00:10:53This level is keep this position as a support right here, even that future also
-
00:10:58It kept his position as a support and resistance resistance resistance so we can see
-
00:11:04Look at that
-
00:11:05Support, liver right here, support liver right here support
-
00:11:08So the idea that I'm trying to tell you here is, if you draw these lines, you can actually find you in the modern support and resistance levels
-
00:11:15No, let me just tell you the trick here
-
00:11:18The thing that I'm trying to reach in this video, what I'm trying to explain to you in this video right now, the current prices on 83717
-
00:11:26Now, what you need to do is look in the past and find the nearest key support and resistance levels and throw your line on it, waiting for the market to actually reverse
-
00:11:34Now, if I look in the past, I can see that near to the current price
-
00:11:38It's a 372
-
00:11:40for we are having right here, this key support, good
-
00:11:44No, let's go back to the current day and we can see that
-
00:11:47I hear we have the first same level
-
00:11:49So this is a very simple level of the ski support
-
00:11:52I selected in the market is now breaking it
-
00:11:54Now, we have two options to do
-
00:11:56Number one is wait
-
00:11:57Another a retest of the seller
-
00:11:59And here we can place to buy order which has been already
-
00:12:02You can see it happened already by this candle right here
-
00:12:05It already went down through testing this level and then continue to go more up
-
00:12:09Now, where can they expect the next reversal? Let's go back
-
00:12:13Let's try to find another the Assistance or support
-
00:12:16So I'm trying to find something else
-
00:12:18I'll what we need to find his key resistance where the market has completely changed Direction and it is actually exactly
-
00:12:24Right
-
00:12:25You look at that, it is exactly what the price is right now
-
00:12:29Check it out, guys
-
00:12:30This level here, we can see that the market has reversed and we can see that the market is already reversing
-
00:12:36It's almost touching this level just to Pips away and I'm sure this level now is going to perform to be another key resistance
-
00:12:42You know, something, I'm thinking to place a thread here just to prove to you how strong my stride
-
00:12:47And let me just be sure before I do that, just to be sure that we're going to expect a reversal right on this very same level
-
00:12:54Check, check out, check it out on daily candles
-
00:12:57We can see this very same level the resistance
-
00:13:01This is a key resistance, my friends
-
00:13:03Let's check in the past and we can see all my goodness
-
00:13:06Oh my goodness, right here
-
00:13:07Also, it was also another key resistance level, the very same level where the Price Is, Right, is on the right now
-
00:13:14So, without further Ado, I'm going to place
-
00:13:17Let me just make it a small look, 15 plus another cell order
-
00:13:21Let me show you what all can happen after placing the cell order, I'll what we can expect from this level
-
00:13:26And I'm going to actually set my tech profit to be the nearest support a resistance, which is right here because this is the nearest support that is good life to read during this explanation
-
00:13:37It is going to prove that what I'm explaining to you right here in this video is actually valuable and it does work out better
-
00:13:44Let me know pause this video before we continue in the Appalachian about support and resistance
-
00:13:48I will pause this video right now and I'll be back to you to show you later
-
00:13:53What will happen with this trade? Okay, so I have been thinking that this thread actually might take some time to finish and listen better to continue explaining explaining more about support and resistance
-
00:14:03And by the end of the video, I'm going to show you what we're going to happen with this thread
-
00:14:08However, I just want to show you that the very same
-
00:14:11Love what? I place my cell order
-
00:14:13Check it out
-
00:14:14How many reversals you had here? One, two, three, four, five, six, seven, eight, nine, 10 10, reverses a resistance and it just continue to go to Gilmore 11, 12, 13, 14, 16, 17, 18, 19, 20
-
00:14:32So always, we had a reversal on this resistance level and it is identified as a key resistance
-
00:14:36Now, I hope by that you have a good idea now about under finding some ski support and resistance levels
-
00:14:42However, there is also another way if you want to be sure that you have spot in the strong
-
00:14:46Keith And resistance levels once a country
-
00:14:50Sorry about that
-
00:14:51Okay, I'll let me just switch to another pair so I can explain to you in brief how we can identify the strong support and resist
-
00:15:01Can do actually is drawing a trend lines in these Trends lines will be showing you the strong support and resistance levels
-
00:15:07So right now we have a trend right here and I'm going to draw the trans line like that and then I'm going to pull on it to create the channel like that
-
00:15:15So I don't know we have this Channel, all right
-
00:15:18It's not really what I want actually I'll let me just change it
-
00:15:22No need to clone it, then let's draw out like that
-
00:15:25All right, that would be fine
-
00:15:27Okay? Know these levels you are seeing right in front of you, that is touching the trend lines
-
00:15:32These are actually the key support and resistance
-
00:15:35You are looking for that is one trick actually to identify them because we can see
-
00:15:40Once the trend line, I started once the candles has touched the student line to change the whole Direction
-
00:15:45And right now, it's chance from upper Ward to be downward, so it is not a downtrend
-
00:15:50This one also had gone all the way up creating this, a bullish Trend
-
00:15:55And now it's become a better strength
-
00:15:56So we can see the same actually happened right here
-
00:15:59So we can see The trend was going down, and once it touch this support trendline, you just continue bouncing up
-
00:16:07So that is one way to identify the key support and resistance levels
-
00:16:11Because let me just I'll prove it to you again in the past on daily candles
-
00:16:15Okay? Let me just, I think we better change the chart
-
00:16:18It's not really what we want
-
00:16:20Let's go to the weekly candles and allow me to draw it
-
00:16:24A channel here, I need something more clear
-
00:16:26Actually, that is not good
-
00:16:28That is not really helping, let me try it here
-
00:16:31So now when the pound is the I'm going to draw my goodness that's not happening at the front line like that
-
00:16:37So, this is presenting a Channel of the trend lines like that, what's happening here
-
00:16:42Alright
-
00:16:43Okay, like that
-
00:16:44So what we have here is a channel of this trend line and this are this, these levels that is touching, actually the trend lines, they are representing to you the strong and key support and resistance
-
00:16:54levels
-
00:16:55Now, you can simply draw a horizontal line, right? On them like that, and let's throw another line
-
00:17:00Like that on the top of these candles, which are touching the trendline levels and we can draw also on here right on the support because it is part of the straight lines
-
00:17:10Right here
-
00:17:10This one in, the next one, we're going to draw is touching the support level at the bottom right here
-
00:17:15Now let's see in the future, what happened with these levels that you just erase this trend line here
-
00:17:20So it will not confuse you guys and I'll look it up
-
00:17:23Look up
-
00:17:24Check it out
-
00:17:24So this resistance level has become also a resistance on the very same level
-
00:17:29This one also has become a strong resistance later in the future, which was also by the way
-
00:17:34You look at that as strong support living good, it's continue that Ms
-
00:17:38Go more in the future, look at that
-
00:17:40Do the first one has become right here
-
00:17:42Another support level has been breaking out and became a strong resistance level
-
00:17:47Even though the next one here of the one was below
-
00:17:50It, it also became hear a strong, not a strong
-
00:17:53It became a strong resistance right here
-
00:17:55We can see this week here
-
00:17:57Let me just zoom in so we can see it
-
00:17:59I know you can
-
00:18:00Maybe you kind of see it actually, so we can see it right here
-
00:18:03It has became a resistance and here, also, it became a resistance, and right here, and right here, and also right here
-
00:18:10So, this actually created for us, a strong resistance sound, we can see the reversal happened again right here, and right here
-
00:18:16That's good
-
00:18:17So, that is again, one trick
-
00:18:19So we can show you how to identify the key support and resistance Levels by drumming a trendline of that
-
00:18:25And just to draw holder symptom lines on the candles, that is touching the trans lines as a supporter in line or resistance
-
00:18:31Don't line
-
00:18:32The last one is this one here
-
00:18:34Let's see what happened in the past and the future
-
00:18:36It became also a resistance right here, and right here
-
00:18:40And here, I'll let sound see it in the future
-
00:18:42Also, right here, it became a support and right here at became a support right here as well
-
00:18:47We can see it continue
-
00:18:48We can see again the very same level became a support
-
00:18:52Then another resistance level until today
-
00:18:54I think ya until today, the market did not reach at this level which I'm sure we're going to witness another Reversal
-
00:19:01So again, I have to explain if you want, for example to fund currently, what is currently now? Okay, it is good
-
00:19:08It is cool spending
-
00:19:10All of these things about support and resistance
-
00:19:12But again, how can I use that on my day trading, seller? How can I use this for my trades? When I'm just trying to find the correct level to enter my thread or not? The answer
-
00:19:22is simple
-
00:19:22Look at the current price
-
00:19:24What is it right now? It is on 130
-
00:19:27946 right now
-
00:19:29So we need to draw a trend line that explain to us
-
00:19:31Where is the strongest support under the system skills levels
-
00:19:34And let me throw a transplant, for example, like this, like that
-
00:19:39This is the key
-
00:19:40This is a sorry, this is a support line
-
00:19:43This is right here, it's a support transplant and what we will do next is drawing a horizontal lines on the levels where the candles are touching this level
-
00:19:51Meaning, I'm going to draw a horizontal line right here and right here, and right here
-
00:19:56Because again, these are the levels where they are actually touching the trend line like that
-
00:19:59People would accurate exactly like this
-
00:20:01And another one, just like that, because here, when it is touching, actually the trendline, we can see right now, the market is approaching this level, it is right on it, this living, which was acting as
-
00:20:13a strong resistance in there
-
00:20:15So a stroke support in the past and right now the price is on it
-
00:20:19Good, remember, what on the weekly candles? Let's go to the four chart, right now, we can see that the reversal has already happened on this level guys, believe in what I'm teaching you here is gold,
-
00:20:30this is very, very important
-
00:20:32You can see that the reverse that happened right here and is, I'm always mentioning him for the attempt
-
00:20:37Number one, always attempt number one of the support or resistance is the strongest
-
00:20:42It's the best rate you can enter
-
00:20:44We can see here that the V, the very first time the market has reached this level
-
00:20:48I remember, I was in the lesson on weekly candles, going back to the four hours shots
-
00:20:53We can see that we had a really good trade to So this level was actually strong guys that resistance and you can see the reversal happened
-
00:21:01Exactly right on it
-
00:21:02And if you exit your threat at the nearest support following my strategy, we could look at we could look for almost 81 pics of profit
-
00:21:10Now, can I enter the next attempt? Maybe it's not really, that recommended always, I'm saying to you in my videos
-
00:21:17Attempt number of the first attempt attempt
-
00:21:19Number one is better than the second attempt
-
00:21:21So please guys, I want to everyone to practice this one
-
00:21:24Okay, okay, all right, all right, all right, let's go to another example
-
00:21:29I know let's go to another example, I'll let's try to find the best levels to play as the tread, all right? I'll just need to find a better chart so I can show you right now
-
00:21:39We're on daily count, by the way
-
00:21:41Okay, let me just increase this one
-
00:21:43All right, I'll let me just start to find
-
00:21:46Okay, maybe this one that's good
-
00:21:49Actually let's see here
-
00:21:51No, sorry I just to find the best chart that we can explain about the trend
-
00:21:56Okay, no, on the earrings
-
00:21:58As I mentioned to you, we need to find out the strong support and resistance levels
-
00:22:02And by the way, we can, again we can use the trend line so you can throw the channel on the tread Lions, what's the country? What we need to do right now is drawing a channel
-
00:22:12and identify the key support and resistance levels
-
00:22:14I'm trying to find actually a good way to draw to hear, but I can not fun to be honest with you
-
00:22:20I was thinking like that
-
00:22:21However, the market just kept going to below this level, we can see the diversity happened right here and right here as well
-
00:22:29However, there is no, currently good level that we can show you a good entry based on student lions, look, let's check this one out
-
00:22:36So right here, I'm going to draw the trend line Channel, as I mentioned to you like that, like this
-
00:22:41So, here we have a trendline channel
-
00:22:44If I click on it, I can make it like that as simply as that, all right
-
00:22:48Now, let's draw out a central line on the top of this resistance and support
-
00:22:52Which is actually touching the trend line
-
00:22:54So the nearest one to the current price of zero born test
-
00:22:587645 is actually this one right here
-
00:23:00So this one here because it's touching the resistance student dime
-
00:23:05It is actually the best level to play as my cellar, that I have to wait for the candidate to reach all the way up here
-
00:23:10And then it's going to give me a good sell order
-
00:23:13That is actually, by the way, what you are going to see on the next analysis videos? When I'm actually going to do one video for one for each pair, I'm going to go more deep and
-
00:23:22explanation explanation and modern analysis, deep analysis, deep analysis
-
00:23:27And this is what you're going to see
-
00:23:29That's why I decided that today I have to make this video to explain to you what you are going to see in the next videos
-
00:23:35So again, this how does, how does Intel resistance line? I'm sorry
-
00:23:40Hey guys, I'm sorry, I don't know what's happening to me today
-
00:23:44Let me just continue that like the drawing the horizontal line on the resistance levels
-
00:23:49Which is touching the resistance trendline continue like that and right here
-
00:23:54What else we can? We have here another one and we have also right here, another one
-
00:23:59Now let's check what happened later
-
00:24:01What happened? This liver? What I mentioned that it is touching the resistance student line
-
00:24:05It also became another resistance
-
00:24:08This one, also, we have to wait for it
-
00:24:10This one here
-
00:24:12Look at that, check it out
-
00:24:13Check what happened later
-
00:24:15If you did that, as I'm doing as I'm saying, we can see this this support level has became a strong support resistance level and it kept its position is another resistance
-
00:24:25Let's look at that
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00:24:26Check it out the very same level guys where I draw my trendline and I were touching the candles and touching me, the support Frontline
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00:24:34When I drove the support line in horizontal we can see here
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00:24:38It was also another resistance actually, I don't know what's happening to me, I'm not feeling good
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00:24:44I just wanted to show you this guy's to explain to you more about support and resistance
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00:24:49Don't worry, you will get to know more about them
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00:24:52When you were seeing the weekly analysis videos, you will get to use
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00:24:56You will get used how to actually identify them
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00:24:59In the meantime I have now deposit record and then be back to you later to show you what we're going to happen with this trade and hopefully it's going to be in profit
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00:25:08Now, let me pause this video and I'll be back to you once this trade is finished
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00:25:12So my friend, as you can see, the candle is reversing indeed
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00:25:16The problem is right now, it is 12:30 23m here in the debate time and the market is about to close
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00:25:23So I have to close this thread right now, but in the end I just hope that this is proven to you
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00:25:28That's what I'm talkin about about support and resistance is indeed very powerful and it does work
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00:25:33However you will see me doing a lot of these kind of Trades and Analysis analysis and Analysis in the future videos
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00:25:40So I hope I watching this you will be able to understand more about support and resistance
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00:25:46And it will help you indeed the find the best support and resistance entry levels that you can find on the chart
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00:25:51However, in the end, I hope that was this video was informative to you, and I would like to thank you for watching