GbpUsd-Thursday, February 20 | Support & Resistance with HeatMap
Goodmorning!
Here are the S/R Levels I keep an eye on for Thursday, February 20. These are Price Points where you at least can expect some pause and possibly a Reversal. You can use these levels to frame a Setup or to exit an Open Position. The darker the area, the more likely Price has a difficulty to break through.
My goal is to help you identify logical Entry/Exit Points or use them as Conformation in your own Trading Plan.
When you have any questions or feedback, don't hesitate to contact me.
Would love to see how the levels helps you and or how you like to apply them. So share your snapshots in the comments and I would be happy to give feedback.
Hope you appreciate my content 👍
Happy Hunting, Stay Safe!
Warm Regards,
Mariinus
Here are the S/R Levels I keep an eye on for Thursday, February 20. These are Price Points where you at least can expect some pause and possibly a Reversal. You can use these levels to frame a Setup or to exit an Open Position. The darker the area, the more likely Price has a difficulty to break through.
My goal is to help you identify logical Entry/Exit Points or use them as Conformation in your own Trading Plan.
When you have any questions or feedback, don't hesitate to contact me.
Would love to see how the levels helps you and or how you like to apply them. So share your snapshots in the comments and I would be happy to give feedback.
Hope you appreciate my content 👍
Happy Hunting, Stay Safe!
Warm Regards,
Mariinus
Do this as well for yourself. Transpose the levels to your own chart and make anotations what ever you notice. Over time you will start to recognize certain patterns which happen over and over again. Build your own personal trading plan with a set of rules and start to test it with paper trading it here on Tradingview. When you are satisfied you can consider it to use it for real.
I would love to see your progress. Share snapshots in the comments what you noticed that day. I'm happy to give feedback!
Some tips to give you a start:
-what time of day do winners occur, when do they don't pan out
-how many levels are there from the Opening Price to the Low of the Day and from Opening to High of the Day
-how much pips would have been available for each back test entry, how much draw down was there
-etc.