Strategy Library

Support & Resistance

The simplest, oldest, most reliable setup in trading.

Horizontal levels where price has reversed multiple times act as magnets and barriers. The more times a level has held, the stronger it is — but the cleaner the setup, the more obvious it is to everyone watching, so add a confirmation trigger.

How to identify it

  1. Mark levels where price has bounced or rejected 2+ times.
  2. Connect them with horizontal lines.
  3. Watch for price to approach the level a 3rd, 4th, or 5th time.
  4. Wait for rejection: engulfing, pin bar, double-top, false break.

Trading rules

  • SL just beyond the level (10-20 pips typical on XAUUSD).
  • TP at the next opposing S/R level.
  • Multiple touches = stronger level but also more likely to break.
  • Round numbers (1.0000, 2000, 100000) act as natural S/R.

Common pitfalls

  • Trading without a confirmation candle — pure level fades fail often.
  • Not adjusting levels as new highs / lows print.
  • Treating M5 levels with the same weight as D1.

When to use it

Universal. Strongest at session opens and after major news settles.

Best pairs

EURUSD, GBPUSD, XAUUSD

Best session

Any active session

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