support and resistance level

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13 02, 2021

How to trade support and resistance. 2 real time signals


How to properly trade bounce off support and resistance? When it is a good time to open a position when not. After we got acquainted in detail what support and resistance are - we looked at a few examples of where and how they are formed - why they are so important. - how we can determine our take profit when using it. - where and how resistance becomes support and vice versa. - how to combine them with trend lines. - where support and resistance has been broken, and how to take advantage of this price break - how the support and resistance help us determine the trend. It's time to look at bounce from a key area (resistance and support). We call it a zone because the support and resistance are always different from the previous one. But [...]

How to trade support and resistance. 2 real time signals2021-02-13T06:50:21+00:00
30 01, 2021

What is support and resistance in forex?


To your question what is support and resistance, we can answer as follows. Support and resistance in forex is one of the most used techniques. This is because it is one of the most powerful tools to use in trading. Before we move on to the basics, you need to understand that everyone has their own idea of where and how resistance and support was formed. Strange as it may sound, we will show you examples later in the article. But now we start with information for beginners to forex trading. Unlike most websites and videos on youtube, here we will give you examples drawn on the chart of a particular traded instrument. If we look at the image above we can see the uptrend (bull market) ,the price of the currency pair EURUSD rises. On the chart we have [...]

What is support and resistance in forex?2021-02-07T15:05:58+00:00
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