Welcome back to ACY Securities' five-part educational series on Price Action Trading, hosted by Nathan Bray. In this second session, we delve into two fundamental concepts in trading: support and resistance. These concepts are crucial for anyone looking to enhance their trading strategy.
Introduction to support and resistance: Learn how to identify support (a level where a downtrend can pause due to buying pressure) and resistance (a level where an uptrend can pause due to selling pressure).
Practical examples:
- Analysing the Aussie-Yen (AUD/JPY) chart to identify resistance on different timeframes.
- Understanding the role of historical price levels in predicting market behaviour.
- Using indicators to simplify the identification of support and resistance levels.
Combining trends with support and resistance:
- Explore how combining these concepts can enhance your trading decisions.
- Practical demonstration on gold and AUD/USD charts to illustrate buying and selling strategies based on these levels.
Real-world application:
See real-time chart analysis and understand how to apply these concepts to your trading strategy. Whether you’re a beginner or an experienced trader, this video offers valuable insights to improve your market analysis and trading decisions.
RISK WARNING: Foreign exchange and derivatives trading carry a high level of risk. Before you decide to trade foreign exchange, we encourage you to consider your investment objectives, your risk tolerance and trading experience. It is possible to lose more than your initial investment, so do not invest money you cannot afford to lose。 ACY Securities Pty Ltd (ABN: 80 150 565 781 AFSL: 403863) provides general advice that does not consider your objectives, financial situation or needs. The content of this website must not be construed as personal advice; please seek advice from an independent financial or tax advisor if you have any questions. The FSG and PDS are available upon request or registration. If there is any advice on this site, it is general advice only. ACY Securities Pty Ltd (“ACY AU”) is authorised and regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). Registered address: Level 18, 799 Pacific Hwy, Chatswood NSW 2067. AFSL is authorised us to provide our services to Australian Residents or Businesses.
Editors’ Picks
EUR/USD battles 1.1500 as US Dollar looks to stabilize
EUR/USD is battling 1.1500 in the European session on Tuesday. The pair loses traction as the US Dollar finds its feet even as investors remain wary of the US financial stability amid Trump's attacks on Fed Chair Powell. Speeches from ECB and Fed officials are on the radar.
GBP/USD reverses below 1.3400 as US Dollar pauses decline
GBP/USD is back below the 1.3400 mark in the European trading hours on Tuesday, feeling the heat from the pause in the US Dollar decline. But the pair's further dowside appears limited as fears of a US economic slowdown and concerns about the Fed's independence will continue to remain a headwind for the Greenback.
Japanese Yen trims a part of intraday gains against USD; USD/JPY rebounds from sub-140.00 levels
The Japanese Yen retreats after touching a fresh multi-month high against its American counterpart earlier this Tuesday, with the USD/JPY pair rebounding over 40 pips from levels below the 140.00 psychological mark. However, any meaningful JPY depreciation still seems elusive as persistent trade-related uncertainties.
Editors’ Picks
Gold holds the record run to near $3,500
Gold price retreats slightly from near $3,500, or a fresh all-time highs in the early European session on Tuesday as bulls pause for a breather amid overbought conditions on short-term charts. Any meaningful corrective downfall, however, still seems elusive on sustained US Dollar weakness.
EUR/USD battles 1.1500 as US Dollar looks to stabilize
EUR/USD is battling 1.1500 in the European session on Tuesday. The pair loses traction as the US Dollar finds its feet even as investors remain wary of the US financial stability amid Trump's attacks on Fed Chair Powell. Speeches from ECB and Fed officials are on the radar.
GBP/USD reverses below 1.3400 as US Dollar pauses decline
GBP/USD is back below the 1.3400 mark in the European trading hours on Tuesday, feeling the heat from the pause in the US Dollar decline. But the pair's further dowside appears limited as fears of a US economic slowdown and concerns about the Fed's independence will continue to remain a headwind for the Greenback.
3% of Bitcoin supply in control of firms with BTC on balance sheets: The good, bad and ugly
Bitcoin disappointed traders with lackluster performance in 2025, hitting the $100,000 milestone and consolidating under the milestone thereafter. Bitcoin rallied past $88,000 early on Monday, the dominant token eyes the $90,000 level.
Five fundamentals for the week: Traders confront the trade war, important surveys, key Fed speech Premium
Will the US strike a trade deal with Japan? That would be positive progress. However, recent developments are not that positive, and there's only one certainty: headlines will dominate markets. Fresh US economic data is also of interest.
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