The easiest way to find Key levels to anticipate reactions in the future is to begin with the long term charts and work your way down to the lowest timeframe you intend to trade from.
Monthly charts:
Note the highs the market turned at and the lows the market turned at. These levels are the obvious levels that any quick glance would reveal. Do not strain your eyes and waste time wondering if a specific level is a Key level… it is because it is obvious. These market turning points are obvious… do not overthink them.
Weekly Charts:
The long term Monthly Key S&R levels will appear on these charts as well as new Key Levels the Monthly timeframe was not so apparent to see.
Daily Charts:
This is where the banks work from. All the longer term Monthly and Weekly S&R levels are to be plotted on this Daily time frame. The Daily chart will present its own Key S&R levels and these need noted as well.
The Intraday Time Periods:
I like the 4 hour, 1 hour and 15 minute time periods. These will show excellent reaction levels to anticipate trades to set up on far in the future and this is the key to proper trade selection and developing patience. Note the Key S&R levels on your individual intraday charts you like to use. The ones I mentioned are considered professional choice.
Now that you have these levels noted on your charts, plot your Pivot levels on the intraday charts and you’re in business… I promise you… if you do the routine above on any pair of your choice… every major swing in the weeks trading will either begin or end at one of these Key levels. Look on the left side of your charts and study how these levels called huge swings.
Once you have these plotted walk forward this week and see how your pair of choice reacts at these levels. You will be amazed at how you can sit back and wait for the market to come to you… and not chase it and find yourself on the wrong end of the Dealers Spread and negative Pips to boot!
Happy Hunting!