Trading Decision Consolidation range SnD forex - Order Flow Chart Analysis and Price Action Trading
Trading Decision Consolidation range SnD forex - Order Flow Chart Analysis and Price Action Trading
KEY LEVELS & PRICE ACTION What is a price level? A price level on chart could be defined by plotting a horizontal line, but in fact the level is an area or zone and not a specific price value. What is a key level? Key level is a level that has a great history acting as support and resistance, in other words “a level of flip between support and resistance”. Are there any other terms for Key levels? Yes, it’s also known as Pivot Zone, S/R Flip and Swap Zone. Are there different types of key levels? Yes, there is a major key level and a minor key level depending on clarity and efficiency of the level. How do we locate key levels on chart? A picture worth a thousand words, the first type of key levels are the major key levels which you can locate easily from the first glimpse at any chart by defining swing highs and swing lows. The following chart shows daily major key levels for the pair EUR/USD, some prefer to set levels at the nearest round number if possible.
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