Major levels of support and resistance are levels of support and resistance that are identified on the higher timeframes (Daily and weekly). These timeframe often provide a better opportunity to by and sell assets and a higher risk to reward ratio generally and more reliable results over the long term.
Being able to identify major levels or support and resistance are crucial to placing profitable trades. Entering Trades at major levels of support and resistance as well as other factors like understanding the state of the market or current circumstances and trends.
Enter trades at major levels at support and resistance, Be patient and wait for good entries, never jump the gun and enter a trade too early and your profits should increase as long as you manage your trades effectively.
Comments