Regards Freedom
In Forex Trading Many ways are used by traders to determine the strength and the tendency of an ongoing price of which is to determine the point of support and resistance
Then What is the point of support and resistance ...???
Let us try to understand first of the two things mentioned above is about support and resistance
Support
Support point is a point that will be addressed when the price of the current price trend was walking toward down
The price goes down he will always be towards the point of support and the level of which there are several levels of support point 1, point 2 support, support point 3 even support point 4 or 5
Support point is obtained by looking at the history of the price that has been through so this theory is based on the actual price of the forex that could have been predicted to stay that distinguishes him is the power level of an ongoing price trend
as usual when the price goes down then the first stage he was seeking the support of the first point, and if it turns big power it can also support point she would pierce the first and second leading point of support and so on, therefore it is very important you know a trend long-term price
Resistant
When the support is a price level that will be addressed when a price pattern toward the down trend but instead with his name is resistant.
Resistance is obtained when a drive prices up or with a tendency towards rising trend.
Just as happened at the point of support resistance point also has some level or levels to be achieved, namely resistance 1, resistance 2, resistance 3 could even resistant 4 and 5
So good that the price is already down or up can we predict where prices are going to run and stop
In using the support and resistance points you should also know the pattern of price trends running so that you will be helped to make a prediction of when and where prices will stop and then reverse because believe it or not forex prices will always go up and down and it has become a partner his life, when there was a definite no go down and if there is d must be climbed.
So it is very important to know where the support and resistance points in your forex transactions
Similarly, about support and resistance when there are less obvious to the discussion section comments
Regards Freedom
