Support Resistance Reversal Trading Strategy - YouTube

What's up everybody Johan here from Trading Walk and in this video I want to

talk about ways you can use 10x trading signals to really find the best trades

And important when trading any trading strategy is basically by trading in the

direction of the trend and trading at strong levels you can get better entries

and basically increase win rates and your profitability by taking better risk

reward ratio trades so for example when trading 10x signals you don't want to

take buy signals at strong resistance or close to strong resistance and you don't

want to take sell signals at support or close to strong support so if we look at

the EUR/USD chart here the 4 hour chart basically what we can see here is we

have kind of a trading range here and we have basically a move up here support

resistance more resistance here and basically as soon as I see this kind of

range it's starting to develop I like to draw a resistance level horizontal level

is always stronger and of more importance and for example sloping

support and resistance which you draw in like trend lines and for such because

horizontal levels they're more easy to draw so more people draw them exactly

the same sloping trend lines for example they can be drawn in so many different

ways do they look at the wicks do they look at the bodies or such so horizontal

support and resistance is more important and you can see you're clear that when

we have strong levels you basically want to focus on buy signals at support and

when you have buy signals at support the logical area to place your stop loss is

below the signal first and foremost but also below this support level and your

take profit can be at the next resistance or you can use a trailing

stop loss as well so like here for example we take the

buy signal at support up to the resistance and when we're here at the resistance we

have a sell signal and we basically want to focus on the sell signal

take that down we ignore buy signals all the way down here we have some nice sell

signals here as well on the way down and then here at support again we have a buy

signal of course these will not always work no system can do that but we

finally get support here even though we move below it for just a few candles but

there's no separation here so this support level is still intact then we

move up again to resistance strong sell signals and move down again so you see

there's some signals here of course if you had bounced at a resistance put

more emphasis on sell signals down until you find a bounce on support and you can

take buy signals up on the way to your resistance but as closer as you get to

resistance the less probability you're buy trades will have so think this as a

zone down here so buy signals down here sell signals close to these resistance and of

course you can use high timeframes to find more these levels and I often see

as you found two strong levels like this often you will find that you often

bounce in the middle of this so this is an additional level here and the

distance here if we break out here you will probably see resistance at the same

distance added up here so you'll probably find the resistance somewhere

up here if we break this now but it could also be similar to here that we

just move below it for some time we don't see any separation yet so it could

very well play out very nice here this sell signal down to support again so we

can look at one more chart just to recap this and if we look at USD/CAD so

basically we see here if we analyze the levels here we basically have support

down here so we want to focus on buy signals close to these levels here if we

analyze resistance we can see that this resistance here is basically sloping down

so we basically have a trendline here sloping down so I still think of these

levels as zones they're not exact for example if you would draw exactly from

this top to this top here it would not be as accurate of course if you're here

and you see that well we didn't come up quite to this level well then you can

move it down basically you're trying to connect these as we go but when this is

a resistance since we're below it we want to focus on sell signals here so we

have a beautiful sell see on here at resistance and we don't put too much

emphasis on this buy signal we want to focus on sell signals as resistance same

thing here beautiful sell signal close to the

resistance and a nice sell signal here a nice sell signal here as well and a nice

sell signal here so you see that these levels are like zones so when we come

close to these levels that's when you want to focus on sell signals if there

are resistance level and these here supports so beautiful buy signals down

here unfortunately we did not get a buy signal here but we have two nice buy

signals here and then we get a break down here and now we have some buy signals

here so we might see and move up maybe to this support becomes resistance if we

get a sell signal here that's a very good time to get short again

that's basically a few simple rules on how to find better trades with 10x how

to find these good risk reward ratio trades where you can place your entry

and stop-loss pretty tight and take it down to support

so hope this video helps thanks for watching and good luck trading and as

always if you have any questions at all just send me an email and I'll be happy to help.