1 / 10

Draw Support And Resistance

Support And Resistance is one of the base ideas in trading. All seasoned traders understand and use this very basic concept. Browse this site http://www.theforexguy.com/how-to-draw-support-and-resistance/ for more information on Draw Support and Resistance. This article tells you what Support and Resistance is and how to find it as well as a few ways to draw support and resistance lines and the basic way of trading support and resistance.

ForexTradingSignals
Download Presentation

Draw Support And Resistance

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FOREX SUPPORT AND RESISTANCE

  2. INDEX

  3. DRAW SUPPORT AND RESISTANCE 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.

  4. SUPPORT AND RESISTANCE 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.

  5. FOREX SUPPORT AND RESISTANCE 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.

  6. TRENDING MARKETS 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.

  7. THE WEEKLY AND MONTHLY LEVELS On a larger scale, strong weekly and monthly levelsshould 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.

  8. SUPPORT VS. RESISTANCE 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.

  9. PHOTO GALLERY

  10. CONTACT US To Know More About Forex Support And Resistance, Click Here : www.theforexguy.com Contact Us Through Social Media : https://twitter.com/Best__Forex www.youtube.com/BestSignalsForex

More Related