SUPPORT AND RESSISTANCE

[Royal boy fx]

BEEN LEARNING MORE ABOUT ZONES IN THE FX MARKET AND I CAN CONCLUDE THAT SUPPORT AN RESSISTANCE ZONES ARE THE MOST VITAL THINGS TO KEEP IN MIND WHEN TRADING BECAUSE THE MARKET MOVES IN THOSE LEVELS PLEASE CORRECT ME IF IM GETTING LOST ALREADY

 

[Daantje Pieters]

Support and resistance play a vital role in trading because I set my stop loss and take profit point according to the support and resistance point. I saw that support and resistance points of day chart are comparatively more accurate than lower time frames. For trend identifying too, support and resistance point is important.