Understanding support and resistance will give us an image to understanding how the forex market works. This will help us enter and manage our trades to a highly accurate degree with minimal stops and reasonable, reachable targets.
Once price break through the resistance, it now becomes a level of support. If it is a key level of resistance that is broken, once price has moved on through it can become major support.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
My opinion is such that don't expend the time for experienced support and resistance. Use zigzag indicator to psychoanalyse in seconds. Resource and action is not the knockout constituent, and there is no restrictions that we should to use support and resistance.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
You are correct to your observation, many trader do it because they want to earn maximum profit to use every support and resistance by identify the highest top and bottom. But basically it mainly do it who are scalping trader.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
it is a common sense thing. when we try to climb the tree then the tree is a resistance and when we have climbed and we are at the top then we are having the tree as a support
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
That the fracture points of resistance in the trade of foreign exchange. So that there is a movement to the money market is now installed points of resistance will lead to a recession. Evident in the display value for the currency pair. Where thought to traders who are in a state of purchase. That the value of cash continues to rise. will not sell and it remains pending.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
These markets are risky and unpredictable and keep on changing from time to time and when they move up and down or try to form a direction the support and resistance levels keep on changing from time to time .
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Best way to see support and resistance or i must say true support and resistance are the points where the price halted, stopped or reversed most of time, these points are the true support and resistance, for this zoom out your chart to maximum and draw lines where the price has stopped and reversed most of the time
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
when prices break resistance line and move to upward direction with out reversal ,we recognize a new support level and if prices don't back from support level and move to do ward direction support level become a new resistance level , thats why we shouldn't trade at s& R level and waiting for a reversal before opening any position would be worth to judge it's a break out or fake out .
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
because the instrument has breached and crossed the resistance and price is now above the resistance line, so as now price has broken it and reached up, it has already done the work of breaking that resistance, but now after some time when price want to go back that strong point(which was previously resistance) is now stopping it to go more down, the name has changed from resistance to support but the point is the same and the price will stall or hold there, coz it is still a strong decision making point.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
would be very nice if we had memaham area of support resistance. in this area, we can know when to enter and exit the market. can we make this area a place to start trading positions. support resistance is very good for us to be able to determine the extent of the market price would be her translucent.
believe me, one day you can be a successful trader
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