Being able to trade Support and Resistance levels is one of the best ways to be consistently profitable in trading.
The best part?
There’s one support and resistance indicator for TradingView which is able to identify key trading levels in real-time.
It’s called the Levels and Zones and in today’s trading opportunity we take particular advantage from it.
In particular, the resistance level that the indicator displays is useful in safely setting our stop-loss.
On the other hand, the support will be used, instead, as our take-profit level.
If you want to learn how to trade based on support and resistance levels, you should definitely consider developing your strategy around the Levels and Zones.
The good thing?
In the following trade opportunity, you can learn and replicate our own (very profitable) support and resistance strategy.