Do you know most trader firstly recognize what's in the Forex market? Guess it...Yeah it is support and resistance level. Traders should find out where these levels are. Support and Resistance keep you a trading safe and secure, and also determine you where you should put stop loss & potential take profit area. Learn the following observations:
*Find out Mazor support & resistance level.
*Find out minor support & resistance level.
*Find out how support & resistance level strength is (more than one times price touch the level but not broken mean this is strogger level)
*Support and resistance can be broken if price close near it ( but not always why? This you will learn by trading)
*When a resistance level broke the last broken resistance level is turned on support level.
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*You may mislead by fackout mean false breakout of support or resistance so put stop loss more than some far from support and resistance level.
*Find out Mazor support & resistance level.
*Find out minor support & resistance level.
*Find out how support & resistance level strength is (more than one times price touch the level but not broken mean this is strogger level)
*Support and resistance can be broken if price close near it ( but not always why? This you will learn by trading)
*When a resistance level broke the last broken resistance level is turned on support level.
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