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.

Print Friendly, PDF & Email

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

Leave a Comment

Your email address will not be published. Required fields are marked *