Trading Understanding Itself
There are 2 types of Support and Resistance are generally continue to survive: a long-term and short term.
Long-term support and resistance levels can be distinguished on the 1-hour or greater time frame. I usually start with a 4-hour time frame and the time frame down or up depending on the situation. Long-term support and resistance levels, the market conditions are laxed (long / loose / long), can be very good to get 100 + pips at a time, except under conditions described previously.
As you can see from the chart below, the region has been used as a good support and resistance in the past. Due to heavy influence on the market for several
times before, a very high probability there are at prices that will bounce directly to it (bounce).
The range of rates may be difficult to distinguish, as it can be rather wide. Viewing the most recent reactionary level, one can determine that the most relevant measures price is 102.74 to 102.60. In this case 15 pips price range is expected to rise, as is the case, immediately from 102.73.