• Nial Fuller

    NIAL FULLER Nial Fuller
    Professional Trader, Author & Coach

    Drawing Support and Resistance on Forex Charts

    Drawing Support and Resistance – Planning the Trading Week Ahead.

    Todays Video Talks about how to Draw Support and Resistance on Your Forex Charts. Every Sunday, traders should draw support and resistance levels and plan the trading week ahead, it’s something I have done for years, and it works! This video will explain how to draw the levels correctly on the EURUSD currency pair. Enjoy the Tutorial.

    Video Synopsis – Drawing Support and Resistance – Planning the Trading Week

    This video discusses how to draw support and resistance levels on your charts in order to plan for the upcoming trading week. Every Sunday afternoon I take the time to go through the charts and plot my key support and resistance levels, look for any relevant price action, turning points or swing points. The best thing you can do is plot your levels out on the daily chart before the week begins and every day after the markets close in New York.

    The chart in this video is the EURUSD daily chart, one of the first things I do when drawing S & R levels is to mark the major turning or swing points in the market, these are the obvious “pointy” parts on the chart where the market made an obvious change of direction. I marked 6 key levels or swing points on the chart in this video, however that’s not enough, we also need to draw in horizontal lines to connect these key market swing points.

    It is best to think of these support and resistance levels as “areas” instead of exact price levels, this allows you to have some leeway with your stop placement. I also draw in the “interim” levels on the chart after drawing in the major S&R levels, these “interim” levels are smaller or perhaps less significant support and resistance levels on the chart.

    This video was meant to explain how to draw support and resistance on a forex chart and also how I go a little bit deeper to draw the less obvious “interim” or in-between levels in the market.

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    Nial Fuller

    About Nial Fuller

    is a Professional Trader, Investor & Author who is considered ‘The Authority’ on Price Action Trading. His blog is read by over 200,000+ followers and he has taught 25,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.
    Nial Fuller Professional Trading Course Preferred broker 2020 v1
    1. Francisco Larita Jr

      Thank you very much and I like to watch and learn more with your videos but limited internet only.

      Reply
      • Mr Rock

        To be sincere, I back tested the strategy used to draw support and resistance levels here by Nial, and I saw it working for me like charm. This guy is awesome! The way i used to trade has now completely and dramatically changed after I started applying Nial fuller’s way of drawing in the levels on the market chart.

        Fuller, thanks for this constructive and awesome article here. God bless you.

        Your ardent site user.

        Reply
    2. Bongani

      Great video!

      Reply
    3. Xolani

      This is the most very important part of trading especially for us newbies in the Forex trading lifestyle.

      Simple and easy to follow and understanding methods

      Reply
    4. tlakz

      am a fundamental trader but after following you, i wana try price action

      Reply
    5. mohamed imchichi

      you are the best teacher i have ever met. thank you so much. mohamed imchichi

      Reply
      • Kingsley Nwangwu

        Your teachings are unmatchable. Keep it up. May God bless you

        Reply
    6. asad

      Very good attempt. it is very useful for new comer.

      Reply
    7. rajesh vishwakarma

      good video Nial..making use of swing points to define S-R levels..Thanks a lot

      Reply
    8. rajesh vishwakarma

      Thank you Nial..Its a difficult and confusing aspect of analysis which u have made very simple to follow & learn.

      Reply
    9. Zdenka

      Hey Nial :)
      Greatly appreciated! Thank you!

      Reply
    10. Samuel David Jackson

      ii am really happy for this new insight i’ve gotten from you….i am really taking my time to practice it,and i can see what you mean when you say price action trading strategy is a pure and accurate trading strategy…i am really happy to know you..thanks nail

      Reply
    11. Leon

      Thank you nial i will practice so much.

      Reply
    12. hiệp

      thank ! :D

      Reply
      • Shahrul Rizal

        Thank you Nial. This lesson give me better trade every sigle day.

        Reply
    13. Fxstak stanley

      Hi Nial, though am new in the world of forex, your tutorials have so far encouraged me to venture further into trading safely. I will be taking keen interests in the market change and master one price action strategy and apply it. Thanks to you, you’ve opened my eyes further

      Reply
    14. Chris AW

      Just a newbie, planning to start trading in the New Year.
      I am looking for a stratergy to give me an edge and I
      Think your method of Price Action makes good sense to me.
      I have been looking at Forex methods for about six months now.
      So I am going to read everything on your site first before I start.
      Keep up the good work.
      Also could you tell me what platform you are using.
      Thanks
      Chris AW

      Reply
    15. jonathan jotex

      i started crying when i saw your support and resistance drawing and looking back in time to see how it works in confluence.Nial you are really the best guy dude.a big Thanks to you,GOD BLESS YOU

      Reply
    16. Ellis Russell

      Don’t Pivot lines serve the same purpose as these Support and Resistance lines?

      Reply
    17. suman chaudhary

      nail,

      you are great mentor and your post are perfect for every trader

      Reply
    18. George

      Beautiful.

      Reply
    19. martin

      This is the best thing video ever thanks a lot.

      Reply
    20. daniel

      Hi Nial

      I was using so many indicators before this. Now i know that just by depending on price action we can make some good profit.

      Thanks again, you are great

      Reply
    21. Roland

      Beautifully and simply explained. This will surely improve my trading experience. thanks.

      Reply
    22. Amel

      hello

      i have been watching your videos on line ,and i noticed that you are really giving a sincere ,and valuable informations.

      i would like to say thank you ,i am planning to take your course for a $333.00 it’s a donation ,i am just waiting for my taxe refunds
      ,and to help you continue doing the good work.

      thinks are tight around here

      Reply
    23. eric granatha

      good video, easy to understand explanations. I hope you continue sends an article or a video about forex actions setup so i can increase my understanding of it. thanks a lot

      Reply
    24. eric granatha

      good video, easy to understand explanations. I hope you continue sends an article or a video about setup actions for further price increase my understanding of it. Thanks a lot

      Reply
    25. evarist asika

      lovely video Nial,it reveals the other side(profits not losses)of forex trading,thumbs up.

      Reply
    26. Mgp

      Thank you master !!

      Reply
    27. RAI

      Thanx for guidance

      Reply
    28. Sophie

      Great video- as usual

      Reply
    29. iKeng

      Thank for the video.

      It is cool.

      :’D

      Reply
    30. adewale awotayo

      Thanks for the video.

      Reply
    31. Adrian

      Hi Nial
      Thanks for that vidio, I sometimes get myself tied up knowing where to draw these lines ie at the body, at the end of the wick etc. Probibly get to exact at times. This type of video helps a lot.

      Reply
    32. James

      Great Nial,

      I start my trading plan doing exactly the same.
      I even go down to hourly, and even add 15 min for
      daytrade purposes. These are great “static” areas
      to combine with “dynamic” support/resistance such as
      moving averages. Proper price action at a proper static
      area combined with a dynamic area can be a nice lower
      risk higher probability setup.

      Thanks,

      I look forward to your updated course materials.

      Reply
    33. Samos

      Nial. Thanks.

      Reply
    34. Azeem

      Thanks for all the guidance, Nail.
      Your teaching is just great.

      Reply
    35. Smi

      thanks…

      all your guidance is very much appreciated…

      I use ”fractals” which help a new trader like me to identify the swing highs/swing lows.. which tie up with your levels

      God Bless and wish you all the success

      Reply
    36. jody

      thanks for the reminder of keeping it simple. it is easy to forget how the market reacts over and over again to those basics. I am looking forward to the new pages and videos n nial!

      Reply
    37. rajan

      only one thing i can tell u nial….you rocks !

      Reply

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