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Thread: importence of Support and resistance level in forex

  1. #1
    Trader erox's Avatar
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    Unhappy importence of Support and resistance level in forex

    in forex support and resistence level are very importent and in most of time markit respect them we can adjust our take profit and stop loss around these levels effectively .

    a) SUPPORTS:
    in down trend where markits stop falling and try to bounce back until breakout of that level if it breaks and then it continue for another level .

    b) RESISTENCE:
    resistence lavel in up trend where markit stop going up and try to bounce back until breakout of that level if it breaks then it continue for next level .

    i think these levels are very importent for modifiying stop loss and take profit becuase the markit most of time touch thses levels and we can set our take profit and stop loss around these levels it can help us we can easily Identify these levels by using trend lines or with suuport and resistence indicator i am using it .

    (EXAMPLE)

    here is a great example of support and resistence levels ...Attachment 15192

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  2. #911
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    Good morning trading when support and resistance is one of the easiest and safest ways why? Because you will sell at resistance which is a point of saturation of the purchase means the reflection of the price is at a point or 10 at most and no fear of loss and the same for support you buy at the point of saturation of the sale and some call this trading safe trading

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