1. Support And Resistance
Before I explain more in detail. I will first introduce what is support and what is resistance or also known as (SnR):
SUPPORT is place where we need to look for BUY because support is the level where the demand is strong enough to buy mature causing the price to stop from falling
RESISTENCE is place where we need to look for SELL because resistance is the level where the trader sells the currency that cause the price cannot rise higher than the resistance level
Support and Resistance have two types that influence our decision to entry:-
Support:
âą Strong support
âą Weak support
Resistance:
âą Strong resistance
âą Weak resistance
Support and resistance might also change if there is a breakout (bo)
Support breakout = support becomes resistance (SBR)
Resistance breakout = resistance becomes support (RBS)
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