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Source, summary and reference
Support and Resistance Do NOT Work Without This ONE RULE Learn how to trade support and resistance without blindly buying or selling key levels. π Learn How I Trade SMC Full-Time In Any Market (FREE TRAINING): https://access.dailypriceaction.com/smc-strategy π My #1 Most Trusted Broker For 8 Years (30% Deposit Bonus): https://blueberrymarkets.com/partners-promo-pages/daily-price-action/ πͺWhere I Trade Crypto (Up to $30k Bonus): https://partner.bybit.com/b/20725 (Affiliate links: if you open an account through them, I earn a commission at no extra cost to you) Most traders draw support and resistance levels correctly, but they still lose because they enter too early. In this video, I break down a simple way to trade support and resistance without blindly buying support or selling resistance. Instead of treating these levels like automatic entries, Iβll show you how I use them as areas to start watching for confirmation. Weβll cover what support and resistance levels actually are, why the close matters more than the wick, and why these levels should be treated as areas instead of exact prices. Then Iβll explain how I use a 15-minute change of character, or CHoCH, to confirm that a support or resistance level is likely to hold. This gives you a simple framework for waiting on the market instead of forcing a trade too early. Iβll walk through three examples using gold, Bitcoin, and the DXY. The gold and Bitcoin examples show how I look for short setups from resistance, while the DXY example shows the same concept flipped for a long setup from support. The goal is simple: use support and resistance to identify the area, then use lower-timeframe price action to confirm the trade idea. This lesson applies to forex, gold, crypto, indices, and any liquid market where price respects key levels and market structure. #supportandresistance #priceactiontrading #smctrading #forextrading #technicalanalysis CHAPTERS 0:00 Intro: The support and resistance mistake 0:40 Support and resistance basics 3:34 Change of character explained 6:22 Gold short setup example 15:22 Bitcoin short setup example 21:46 DXY long setup example SMC LESSONS BoS and CHoCH made simple https://youtu.be/FE1bgD9N6DM Steal my liquidity sweep entry model (beginner-friendly) https://youtu.be/XH4TAoLCFBk Premium, discount, and OTE explained https://youtu.be/UWrvexqN3w8 Disclaimer: This video is for educational purposes only and is not financial advice. Trading forex, crypto, and other markets involves risk and may not be suitable for all investors. Always do your own research and never risk money you canβt afford to lose. I am not responsible for any losses you may incur from acting on the information in this video.
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