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7 02, 2021

How to Trade Support and Resistance.Top 2 ways to trade them.


We looked at what support and resistance are now it's time to see how to trade them? The time has come to apply what we have learned so far in the previous article. There is no way we can say that support and resistance are more important than divergences or certain indicators. We need to understand that there is no such thing as the most important thing in trading and we need as many indications in our favor in order to open a trade. Still, we must know that support and resistance are very powerful tools. They can help us both to open a position and to close it. Later in the article, we will give you illustrative examples of everything we have talked about so far. We will try in the simplest and most understandable way to show you [...]

How to Trade Support and Resistance.Top 2 ways to trade them.2021-02-07T14:56:32+00:00
30 01, 2021

Trend lines, how to draw them correctly.Top 3 best methods


Trend lines are one of the most common and used techniques in technical analysis in forex trading. We must first answer the question: what are the trend lines, and how can we use them in forex trading? Trend lines can be used both to determine the trend and to identify important trading areas. If we draw them correctly, on the tops and bottoms, we can understand whether a certain tool has an upward trend or a downward trend. In addition to determining the trend, we can use them to determine resistances and supports, but they are not as reliable as like for determining the trend. No matter what strategy you use, trend lines should be present in your trading arsenal. They are very important, of course, when the trader draws them correctly. When they are drawn properly (on the tops [...]

Trend lines, how to draw them correctly.Top 3 best methods2021-02-07T15:09:42+00:00
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