Support and Resistance in Trading Forex

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SUPPORT & RESISTANCE

Support is a price level where there is usually a selling pressure that is offset by a purchase, so the price reverses direction.
Support is formed by describing a line connecting at least 2 (two) parallel lows.

Resistance is a price level where usually buying pressure is offset by an increase in sales, so that price increases can be restrained, even turning backwards.
Resistance is formed by describing a minimum of 2 (two highs that are parallel).

support

A support line that changes function into a resistance line is called the base line or a foothold line. Likewise, the opposite line of resistance that switches functions so support is called the base line.

This base line serves as a platform for the market to move further.

the limit of 3M the next forex learning material is Elliot Wave

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