Technical analysis method Forex chart using support and resistant with 3 easy steps
hello guys today i am going to give you about Technical analysis method Forex chart using support and resistant with 3 easy steps
what is support and resistance and how can i understand support and resistance ?
In technical analysis, support and resistance is a concept that the movement of the price of a security will tend to stop and reverse at certain predetermined price levels. These levels are denoted by multiple touches of price without a breakthrough of the level.
if market turn from some area then check past it was become support or resistance or strong candle breakout. if market broke a support or resistance then many times it,s need to retest. if broke support that support will retest as resistance before change the direction. also if market broker resistance then market retest it as support.
support is your 1st floor in your home and resistance is ceiling. if market broke the ceiling to go to second floor it need to take a little brake in second floors bottom
see the video to understand more about support and resistance
if you use the support and resistance with trend lines then you can reach big profit see trend line post here
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