Price Action Trading (Support and Resistance Levels)

Education

British Pound / Canadian Dollar (FX:GBPCAD)

FX:GBPCAD British Pound / Canadian Dollar

Support and Resistance priceaction priceactionanalysis priceactiontrading priceactionstrategy

supportandresistance priceaction priceactionanalysis priceactiontrading priceactionstrategy

After price closes above a resistance level, then resistance level becomes support. Next, watch for a price action signal in the form of a pin bar, rejection candlestick, or engulfing bar. Enter at the closing price of the candlestick.

H1

snapshot

H2

snapshot

H3

snapshot

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.