EUR/USD
Watch how price respects or breaks the daily pivot at the London and New York opens.
Levels
Learn to read the key levels.
Support, resistance and pivot points: where price has reacted before and why it helps to have them marked. This is study material, not a recommendation to buy or sell.
What is a level
Three references, one idea
A level is market memory: a price where many participants have already made decisions. You study it; you don't obey it.
Support
An area where price stopped falling and bounced. The more often it reacted there, and the higher the timeframe, the more relevant it is as a reference.
Resistance
An area where price stopped rising and pulled back. When it breaks clearly, it often starts to work as support.
Pivot point
A level calculated from the previous period's high, low and close. It gives a neutral reference for the day without drawing anything by hand.
The standard pivot formula
Using the previous period's high (H), low (L) and close (C):
PP = (H + L + C) / 3 R1 = 2 × PP − L S1 = 2 × PP − H R2 = PP + (H − L) S2 = PP − (H − L)
Charts to study
Four markets, pivots drawn
The charts show the standard pivot points for the period. Change the timeframe and compare with the levels you marked yourself.
Gold (XAU/USD)
Weekly levels carry more weight than daily ones. Look at the wicks that touch them without closing beyond.
US30
The index reacts to the Wall Street open. Compare the pivot with the previous day's high and low.
NAS100
More volatile than the US30. A good place to see how many times a level is tested before it gives way.
TradingView charts for educational purposes; prices may differ from those on your HFM platform. Levels are areas to study, not indications to buy or sell. Trading leveraged products carries a high level of risk.
How to study them
The levels routine
It's the same routine you'll follow in The Challenge. Short, daily and written down.
- 01
Mark them before your session opens
Ten minutes: weekly and daily support and resistance, plus the day's pivots. That's it, don't look for more lines.
- 02
Watch the reaction, don't predict it
A level is not an order. See what price does when it gets there: rejection, breakout, false breakout. Write it down.
- 03
Log it in your trading journal
Which level, what happened, on which timeframe. In a month you'll have your own record of how these markets behave.
- 04
Never trade a level without a plan
If you take a trade on demo, do it with a written scenario, a defined stop and a calculated size. The level is the context, not the reason.
Weekly guide
Get every week the levels guide to study.
Each week we send the reference levels for EUR/USD, gold, US30 and NAS100 with an explanation so you can practise on demo. No buy or sell recommendations.
- Free, no commitment
- Sent by WhatsApp or email
- Study material to practise on demo
Risk Warning: Your capital is at risk.
Frequently asked questions
What everyone asks
Is this a recommendation to trade?
No. Levels are areas where price has reacted before; studying them teaches you to read the chart. Arco does not say what to buy or sell, or when. The decisions are yours and are practised on demo.
Why standard pivots?
Because they are calculated with a public formula from the previous high, low and close. Anyone arrives at the same number: there is no interpretation or opinion involved.
On which timeframe?
To learn, daily and weekly. Levels on higher timeframes are respected more often and force you to be patient, which is part of the training.
Do levels always work?
No. Price breaks them often, sometimes by a few points and then comes back. That's why they are studied with a defined stop and size on demo, never as a certainty.
What does the weekly guide include?
The reference levels for EUR/USD, gold, US30 and NAS100 for the week, with an explanation of why they are there and what to watch. It is study material; it contains no buy or sell instructions.