Support And Resistance

Topic PAGE NO

Draw Support And

Resistance

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Support And Resistance 4

Forex Support And

Resistance

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Trending Markets 6

The Weekly And

Monthly Levels

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Support Vs. Resistance 8

Photo Gallery 9

Contact Us 10

The ability to draw support

and resistance correctly is

learned over time and patience,

so don’t give up. If you’ve got a

chart that’s loaded up with so

many lines that you don’t even

know what you’re looking at

anymore, then you’re doing it

wrong. Acquiring the skill of

marking out support and

resistance is super important

for any trader because it’s the

backbone of any trading system

you come across.

Forex Support And Resistance levels are

proven price areas where buyers and

sellers find some form of equilibrium and

generally a shift of power between buyers

and sellers occur that creates the ‘price

reversal’. Therefore Support and

Resistance are the key turning points in the

market.

A quick search of the forums and it didn’t

take me long to find traders posting up

charts littered with Forex Support and

Resistance lines that are way overdone.

Instead of keeping things straight forward

and simple, this trader has gone overboard

and created an environment that is

impractical and just down right too

difficult to trade in.

Trending markets are identified by using

swing points patterns, broken down into

higher highs, higher lows, lower highs and

lower lows. These key points are called

swing highs and swing lows and the order

they form in can help identify trends,

especially in their early stages.

On a larger scale, strong weekly and

monthly levels should be marked on your

chart when current price is the vicinity of

them. Support and resistance levels on this

timescale are major turning points in the

market and want to be paid close attention

to. Strong daily price action signals that

occur at significant weekly or monthly S/R

can be the catalyst for a strong move and

a very profitable trade.

Support is an area on the chart where the

market demonstrates strong buying action,

easily identifiable by price ‘bottoming out’

caused by bearish price action movement

being overrun by bullish pressure at a

consistent point on the charts.

Resistance is the opposite of support, its

where you see price ‘topping out’ as the

bullish price action movement is met with

overwhelming bearish activity at

consistent levels on the charts.

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Resistance, Click Here :

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