How to Draw Support and Resistance is one of the most commonly asked questions I get as a trading coach. When it comes to technical analysis, support and resistance are the foundation and building blocks everything is built off. Drawing and using these levels properly is extremely crucial to your ability to succeed as a trader- which is why I made this video to show you exactly how to do that.
How to Draw Support and Resistance: Learn The Terms
Think of areas of support as a floor that price has struggled to break in the past, and acts as a barrier under the current market price that will be tough to break if price wants to move lower. Resistance is just the opposite; it is a ceiling that price has failed to break in the past, that will be tough for the price to break again in the future.
How to Draw Support and Resistance: How Does Help Us?
There are endless different ways to actually trade Support and Resistance areas. However, there are two major strategy styles to build these plans. We can anticipate and trade these zones holding again as support or resistance and trade the bounce off these levels. We can also look to trade the breakout of these areas of support or resistance, buying above resistance and selling below support.
How to Draw Support and Resistance: Free Training Video
Watch this video and be sure to take notes and pay close attention. If you have been struggling with How to Draw Support and Resistance, then this video is just what you need. I will dive into the charts first-hand with you and show you exactly how to identify and use these areas.
Take our Full Forex Online Training Course today and start trading with knowledge. Remember, you must know How to Draw Support and Resistance in Forex for ultimate success.