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Structure Aka Support & Resistance
Structure Aka Support & Resistance
Structure Aka Support & Resistance
Support and
Resistance
Simple and Effective
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Why is it important?
- Understanding what structure is in the way or close is important to your strategy because this can
give you either a higher probability or lower probability of a trade working.
For example if you taking a trade and major structure is in the way then this could act as
support/resistance. Which could result in a reversal or some reaction that could stop you out.
What to look at?
- Monthly, Weekly, Daily are most important levels
- Same timeframe that you enter is also important, check to see if the structure in the way
- Remember your HTF is x4 so trade 1HR then 4HR is the HTF.