Support and resistance most common part of Forex. When market price go up and make pull back, the highest all head are resistance and all neckline is support. Resistance means up line Support means down line.
Support and resistance most common part of Forex. When market price go up and make pull back, the highest all head are resistance and all neckline is support. Resistance means up line Support means down line.
, I also ushe emah 20, which Ih combhine with 347 ema. many traders ca llehd ema 200, the golden line. because just by looking at a line ema 20 moving average chan usually determine trends f shhort term ,mhedium term ...some use them as indica htors of positions taken in crosses
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help was the exact changing a higher level the value motion once the value falls and also at this stage that your chance for value action may perhaps alter while you proceed the resistant would be the reverse involving help.
Support is the movement restore of the terms change in which the damage goes downward and at that tangent that the choice of cost movements gift activity around, time the status is the opposite of support.
add a 100 period EMA and a 50 period MA to the same chart. You'll find that MT4 smoothed MA apparently equals an EMA of double length.. If you want to know current support and resistance level then you must know about Bollinger band.
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Originally Posted by fxghost
i think using support and resistence is very important in analysis the chart , my friend madea good indicator that draw the support and resistence areas correctly
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i am usin trading eith mt5 an it is ver helpfull for it is a very big doze for iacg hfdfls ;asfhdsf sd hdfshdfkjh dshfjhsdfk dsdhfsdjkfhkjsdhf hdfkjsdhfshdfshdfler edfhdkjfb dhfsdf vhsdfjhsdf;f sdfhsjkdfhdsjkfhs sdfjkehfedfs
Brother I do not know the brief about the support and resistence and moving average, because i am just practing in the system and have not enough experience in this system.