All language subtitles for 3. GBPUSD Top-Down Support and Resistance Analysis

Hello, traders, and welcome to the next video where I will plot the support and resistance levels on
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GBPUSD forex pair using the top-down approach. Once again on monthly charts,
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I will plot the levels as I move downwards on this pair.
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This is the first major level where multiple touches were recorded in the past on this pair.
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Moving forward, this is another key level on GBPUSD, there were many touches on this pair at
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three different positions.
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This is the third level so I will place a solid line here, too.
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It is a good habit to count these touches with each line to validate these levels.
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This is the next level with more than seven price touches on GBPUSD
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Similarly, just below the last level here, we saw a couple more major support and resistance levels.
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Now, guys, as we advance towards the recent price action, our support and resistance levels will
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start presenting trade opportunities. Once again,
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this level was tested many times by price.
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This is next support and resistance level, which is breached by GBPUSD very recently, as you see here.
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Now, because there is no data available to the left of the chart for the remaining price data, I will
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zoom in on monthly charts to plot the support and resistance levels.
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I will plot the remaining two levels, which I see here before we progress to smaller timeframes.
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Once again, we will use weekly timeframes to adjust any of the recent levels accordingly if required.
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Notice how the recent major support and resistance levels were respected by the price multiple times.
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Now I switch to daily or 4-hour charts to plot the zones using these levels from the larger timeframes.
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Once again, to plot the zone, I will use the recent price action around this level to plot a sideways
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movement support and resistance, as I show you here.
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Guys, as you can see here, I opened a long position based on my analysis as the trend continuation
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was confirmed by volumes and price action on GBPUSD.
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And this trade is running at more than 100 pips as I speak.
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This also concludes the top-down analysis on GBPUSD, and I will see you in the next video where
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I will analyze Silver.