Staley Key Level SR Setup

Key chart levels are important technical levels at which a financial instrument could face increased buying or selling pressure. Traders look out for key chart levels to place their buy and sell orders around those lines, which accelerates price-moves and increases volatility when the price reaches those levels. When looking to sell a currency pair, traders can look for the short or faster moving average to cross below a falling slower moving average as a sell signal. The most well-known moving average crossovers involve the 50 (51) and 200 moving averages. Support occurs when falling prices stop, change direction, and begin to rise. ... Resistance is a price level where rising prices stop, change direction, and begin to fall. Resistance is often viewed as a “ceiling” keeping prices from rising higher. When you combine these powerful tools with patience and good technical analysis you have a solid setup. This set up is made to be clean and beginner friendly. Please give it a try, and put your own spin on it.