Forex Support and Resistance

Posted by: | Posted on 11:06:00 PM | Post Categories

If you understand support and resistance, you can understand how the Forex market works.
This method will help you to open the trade at the right time and get you out of the trade at the right time.

Support and resistance levels can be found in different ways.

Once the market support level breaks, the price usually falls further and the next resistance level acts as support.

Again, when the market resistance level breaks, the price usually rises further and the next support level acts as resistance.
So if you break the support you should sell and if you break the resistance you should buy.



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