#2: Each Timeframe Has Its Own Support And Resistance Levels
Each timeframe has its own support and resistance levels.
Larger timeframes cover up the smaller support and resistance levels found in much smaller timeframes.
Here is an example of what I’m talking about showing obvious support and resistance levels in the daily timeframe on EURJPY chart:
Now, this chart below is the same chart of above but in the 4hr timeframe and notice that in the 4hr timeframe, you also have 4hr timeframe support and resistance levels:
When you are trading support and resistance levels in the smaller timeframes, you should also be aware of how far away price is to the major support and resistance levels found in the larger timeframes.
Support and resistance levels in larger timeframes are major trend changers!
Thx RKay for all information u r giving for free in here, I hope u receive much reward for ur informative nice action, God bless u. I am a new trader, learned to trade good enough not to loose and make some profit. I use ur website for learning and ideas. just wanted to thank you.
It is confirmed views that support & resistance should be visible on the chart. You have given a download link for MT4 . I use amibroker & it works on AFL format Can you please convert MT4 into AFL.
Presently, I use demand-supply AFL.
Pl see if this could be possible if so pl send link to my email.
i’m not sure what link you are talking about here because there is no link in that post…other than the “related posts” links…