This is the Second lesson in our Basic Price Action Trading Course series.
In this Lesson, we are going to discuss about Support and Resistance
Support and Resistance are the foundation to be a successful Price Action Trader. Knowing how to draw them properly without any mistakes is very important to find profitable trades. In this video, we are going to discuss all about Support and Resistance. Relevant concepts such as Swing Highs, Swing Lows, drawing support and resistance zones are clearly demonstrated with examples. After going through the Video, you’ll be able to draw them properly to find Highly Probability Opportunities.
Important Topics covered in the Trading Lesson
1. Two Types of Support and Resistance | 2. Support and Resistance is a Zone, not a Level | 3. How to Properly Draw Support and Resistance Zone to catch Profitable trades
Test your Knowledge
1. Here’s an Assignment on Support and Resistance Zones
Have you gone through the Video ? After Completely going through the Video, Take this Assignment to Test your Knowledge.
Pick an instrument in which you’re actively trading. First of all, remove all the indicators and mark the swing points. Then try to recognize the Support and Resistance zones with the help of those Swing Points. Notice how the prices react at the support and resistance zone in real-time. See if you can spot any repeating Price action patterns.
If you’ve have any questions or queries, Leave it in the comments. I am more than happy to discuss…
Previous Lesson – Lesson 1 | How to do Price Action Trading
Next Lesson – Lesson 3 | How to Properly Draw Trend Lines or Parallel Zones
