Ceetrader7
New Member
When the forex market moves up and then pull back, the highest point reached before pulled back is now resistance. As the market continues up against lowest point reached before it started back is now support.
Think of support and resistance as you are playing a ball in a garage, what happens if the ball hits the wall? St goes and hits opposite wall right, think of it as a you’re playing pool and you see a white ball moving, it hits that side, it then comes back and hit this side but if the applied force was too strong we see the white ball jump the walls of the pool, this means that we cannot be in one range of support and resistance. S and R are areas where the market or price turn, resistance is a peak and support is a trough.
HERE’S SOME EXAMPLES :
ANOTHER EXAMPLE :
ENTRY RULES We buy at support We sell at resistance We look for rejecting candles at R&S before take trades.
Think of support and resistance as you are playing a ball in a garage, what happens if the ball hits the wall? St goes and hits opposite wall right, think of it as a you’re playing pool and you see a white ball moving, it hits that side, it then comes back and hit this side but if the applied force was too strong we see the white ball jump the walls of the pool, this means that we cannot be in one range of support and resistance. S and R are areas where the market or price turn, resistance is a peak and support is a trough.
HERE’S SOME EXAMPLES :
ANOTHER EXAMPLE :
ENTRY RULES We buy at support We sell at resistance We look for rejecting candles at R&S before take trades.
