Posts Tagged ‘support and resistance’

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Introduction to Support and Resistance

As a beginner in forex trading, you might have come across the terms support and resistance. For example, look at this chart. The support and resistance levels are marked as red in this chart. Support and resistance are important tools in technical analysis. On a psychological standpoint, a support level attracts more buyers with a hope that the price will not fall below any further. The demand is greater than supply. A resistance level attracts […]

What Is Support and Resistance? — Technical Analysis Basics

Support and resistance refer to price levels in the financial markets. Support refers to a price level, where there are more buyers backing the financial asset from falling. Resistance refers to a price level, where there are more sellers pushing the market down. Support levels exist below the current price on a chart. It means more demand than supply. Resistance levels exist above the current market price. It means […]

Support and Resistance — Candlestick Analysis — Forex Trading

In this video, you will learn about how to apply support and resistance along with candlestick analysis on your chart. For example, look at the EUR/USD daily chart. After five days of gain, the market forms a doji candlestick, which means indecision. This doji is formed at the 1.4409 level, which acts as near-term resistance. As you can see, the pair has failed to break above two times previously. The level 1.4409 […]

Forex Trading for Beginners — Support and Resistance

In this video, you will learn about support and resistance. Support is a level that prevents price from falling further down. This is a level that attracts the attention of the buyers. As buyers start buying at this level, it increases the demand of an asset. You can use the horizontal line tool available on your MetaTrader platform and the trendline tool in case of an uptrend. A resistance level is one which prevents price […]

What Is Support and Resistance in Forex Trading?

This video is for beginners. In this video, you will learn about support and resistance in forex trading. Support and resistance levels represent the most basic concept in price action analysis in forex trading. A support level prevents price from falling further and indicates the presence of more buyers than sellers. There is more demand than supply in the market. A support level is identified as a level below the current market price. […]

Support and Resistance Secrets: Trading Strategy Using Supply & Demand

In this video, you will learn about how to use support and resistance in your forex trading. Support and resistance are based on supply and demand of the financial asset. The supply and demand are controlled by the fundamentals governing a currency. Based on the fundamentals, a currency may appreciate or depreciate in value. So, you can mark the important support and resistance levels on your chart, which are psychologically significant. Then you can use them to find […]

How to Draw Forex Support and Resistance Levels

In this video, you will learn about how to draw support and resistance levels in forex trading. Support and resistance levels form the basis of analyzing price action on a chart. You can use the horizontal rule tool on your MetaTrader platform to mark the support and resistance levels on your chart. For example, look at this chart. The price has been in an uptrend. The price is making higher highs and higher lows. At some point, it […]

Support and Resistance Levels — Price Action

In this video, you will learn about price action analysis using support and resistance levels. Candlesticks form the basis for price action trading. It is important that you first identify the support and resistance levels in your technical analysis, besides looking to trade the trend. It should be part of your trading strategy to gain an edge in the market. Horizontal Price Levels: You can mark support and resistance levels […]

Support and Resistance Using Bollinger Bands

In this video, you will learn about using the Bollinger Bands indicator to identify support and resistance levels in forex trading. This indicator consists of the 20-period simple moving average as the middle line and the outer bands represent the standard deviation of the middle band. This band also resembles a price channel. This indicator better represents the crowd behavior of the markets as they are used by most traders across the world. You can determine […]

How to Trade Support and Resistance: Secrets Revealed!

In this video, you will learn how to use support and resistance in forex trading. Using support and resistance in forex trading is the most common method in technical analysis for analyzing price action. You are looking to identify potential reversal points on the chart and mark them with horizontal lines. They are correlated to supply and demand of a currency. A support level is a zone where price is prevented from falling further. […]