The Trader’s Blueprint: Reading Charts, Market Structure, and Analysis
📍 What is Support?
Support is a price level where the market historically stops dropping and bounces back up.
Think of it as the floor—when price hits it, buyers step in to push it back up.
Example: If EUR/USD keeps bouncing off 1.1000, that’s a strong support level.
📍 What is Resistance?
Resistance is the opposite—it’s the ceiling where price struggles to break through and reverses downward.
Sellers come in heavy at this level, stopping price from going higher.
Example: If GBP/USD keeps getting rejected at 1.2500, that’s a strong resistance level.
📍 Why Support and Resistance Matter
They show where smart money is placing orders.
They help you plan your trades—buy near support, sell near resistance.
They prevent FOMO trading—you stop chasing price and start making smart entries.
🚀 How to Find Support and Resistance Like a Pro
🔹 Look Left on the Chart – If price reacted to a level multiple times in the past, it’s probably important.
🔹 Round Numbers Matter – Big psychological levels like 1.1000, 1.2000 act as natural support/resistance.
🔹 Wicks Tell the Story – If price spikes to a level but quickly reverses, that’s a clear rejection.
🔹 Check Different Timeframes – A level that holds on multiple timeframes is more powerful.
📍 Support and Resistance Are Not Exact Lines—They’re Zones
The biggest rookie mistake? Treating support and resistance like thin, perfect lines.
In reality, they act like zones where price wobbles before committing to a direction.
Example: A support level at 1.1000 might actually be a 1.0985 - 1.1015 zone.
📍 Trading Support and Resistance Like a Pro
✅ Buy Near Support, Sell Near Resistance – Simple, effective, and used by professionals.
✅ Wait for Confirmation – Just because price hits support doesn’t mean it will bounce. Watch for candlestick signals.
✅ Breakout & Retest – If price breaks through a strong level, wait for it to come back and confirm the breakout before entering.