Been trading for a few months but still struggling with support and resistance levels.
Everyone makes it sound easy but when I look at a chart I see different potential lines everywhere. Sometimes what looks like support breaks right through.
What’s the actual method here?
Price action shows you the levels. Look for spots where price got rejected multiple times - not just two touches.
I draw zones, not exact lines. Price never respects perfect levels anyway. A 10-20 pip zone around major levels beats trying to nail the exact line.
Check the history at those levels. If big moves started there before, they’ll probably matter again.
Look for price levels where it bounced multiple times. More touches = stronger level.
Don’t overthink it. I used to draw lines everywhere when I started - now I only mark spots where price clearly reversed 2-3 times.
Horizontal lines beat diagonal ones. Price remembers round numbers too - 1.2000 on EURUSD, 110.00 on USDJPY.
Broken support becomes resistance. I’ve seen this countless times. Price comes back to test that broken level from the flip side.
Start with H4 or daily timeframes. Way cleaner and more reliable than 5-minute chart noise.
Look for clear price stops on the chart. It’s better to mark obvious levels instead of forcing lines.