The second part that I’ll be share with you guys tonight is focusing on technical analysis/system to determine ideal level to enter the market. It definitely be super exciting!

🔱SNR & ADVANCE TRENDLINE🔱

1. What is SNR?
2. How to mark Precise SNR
3. The myth of Trendline
4. How to pull Trendline
5. Mapping with confluence of Trendline + SNR
6. When & Where to entry?
7. Complete BANK SETUP first chapter

Standby for tonight guys! 😘

(1) What is Support & Resistance

SUPPORT is where we will find BUY because support is a level where demand is high causing the price the stop from falling.

RESISTANCE is where we will find SELL as it is a level where traders sell the currency causing the price to not go any higher from the level of resistance.

There are two types of Support and Resistance which will influence our decision to entry:

Support:
• Strong support
• Weak support

Resistance:
• Strong resistance
• Weak resistance

Support and resistance can also change if there happens to be a BREAKOUT (BO):

Support breakout = support becomes resistance (SBR)

Resistance breakout = resistance becomes support (RBS)

Support and Resistance Shows:

✅ Concept of SnR shapes the fundamental technical analysis of Forex.

✅ Forex traders will buy at support and a nearby zone to grab the potential of a price hike.

✅ Forex traders will sell at resistance or a nearby zone which has the potential to drop

How to Know if the SnR is Strong or Weak? Read This!

To identify whether the SnR is strong or weak is easy. If there are a lot of retest/ rejections in the SnR zone, that means the SnR we have is strong as it marks that the price will have a hard time going through the our SnR zone.

Our SnR can be found in big time frames like 4 hours, daily, weekly or monthly. It is not wrong to look at smaller timeframes like 1 hour, 30 minutes, 15 minutes etc. Its just that smaller timeframes have a lot of noise or small movements that does not give an impact as big as the bigger timeframes.

What’s the point of identifying a strong or weak SnR?🤔

First off, it is to get a deep sense of security as one of the confluences or reasons prior to us making an entry.

Strong SnRs is where its hard for the price to go through or break. Price needs a few momentum hits before finally breaking. For weak SnRs, its easy for the price to break and thus, adding our risks when entering a trade 🤗

2. How to mark precise SNR

The timeframe that’ll be using to mark the SNR is the crucial part because each timeframe would have a different role for the same system.

Meaning that, if you mark SNR in Daily and above it’ll indicates the potential direction & destination of the price. While, for timeframe h4 and below is being use to determine exact level to look for entry. Got it?

I’ll show you guys how do I mark the SNR zone in figure below 👇🏻

(3) THE MYTH OF TRENDLINE

TRENDLINE happens to be a line where we mark the shaping fo a trend, be it to predict an elevating trend (UPTREND) or a lowering trend (DOWNTREND)

How does the trendline work?
📈 BUY at TRENDLINE UPTREND
📉 SELL at TRENLINE DOWNTREND

Sample of an UPTREND trendline.

Our UPTREND focuses on BUY. Be sure to BUY once it hits the BLUE line.

Sample of a DOWNTREND trendline.

Our DOWNTREND focuses on SELL. Be sure to SELL once it hits the RED line.

Trendlines can act accordingly to the market behaviour similar to SnR.

What was that? Trendline can act just like SnR? Yeap, you read that right.

The only difference is in identifying the setup. The concept is still the same.

Below are types of trendlines:

✅ Major Trendline (Pulled from a big Timeframe like H4, D1, W1 & MN)

✅ Minor Trendline (Pulled from a small Timeframe like M1, M5, M15, M30 & H1)

✅ Trend Trendline (Pulled from a big time frame to identify the market’s trend eg. Bullish Trend or Bearish Trend)

✅ Support Trendline (Any Timeframes)

✅ Resistance Trendline (Any Timeframes)

✅ Support becomes Resistance Trendline, SBR (Any Timeframes)

✅ Resistance becomes Support Trendline, RBS (Any Timeframes)

Take note on the types of trendlines guys because we’ll be using all of them. Not even one will be left out. So you need to understand what they mean okay? 🤗

There are two ways a trader can use to pull the trendline:

1. From body to body
2. From shadow to shadow

No compromise in using both of these methods as you can use them both at the same time. All methods are valid for all currency and commodity pairs.

I’ve read all your messages, the struggles & heartbreaking stories really motivated me to help most of you financially. So I’ll do my very best to help all of you & stay tune for a MEGA GIVEAWAY tomorrow guys! 🔥

Let see how many of you ready for the $10,000 GIVEAWAY? 😎

Reply “I’M READY” 👉🏻 @James_banktrader

$10,000 GIVEAWAY STARTS NOW!🔥

After the completion of the first giveaway. I saw how many more need help in my community so I decided to give MORE!

I’ll give $10,000 total to 10 lucky followers! $1000 each for you to really profit in this industry and make your trading journey great!

If you want a taste of free money, it’s FREE & EASY! just sent me “I WANT” to 👇🏻

@James_banktrader
@James_banktrader
@James_banktrader

I will announce the winner on 16th July 2022. Good luck 😘