Support and Resistance level trading is one of the best and most of the times a profitable method that every trader would rely on. The main advantages of this type of trading is that You can get into the position at the very edge and the stop loss can be very low. If the position is on your side, you can grab good pips and if it is on the other you can come out quickly once it breaks your support/resistance level. The higher the time frame the reliable this method is.