Hello traders,


Today i am gonna talk about support and resistance . A lot of traders who have been trading for years still dont know about support and resistance original rules. I am gonna share this info which i read it on baby pips.

Support and resistance is one of the most widely used concepts in forex trading. Strangely enough, everyone seems to have their own idea on how you should measure forex support and resistance.
Let’s take a look at the basics first.
[img class=alignnone src=http://www.babypips.com/images/school/images/grade1/support-resistance-basics.png]
Look at the diagram above. As you can see, this zigzag pattern is making its way up (bull market). When the forex market moves up and then pulls back, the highest point reached before it pulled back is now resistance.
As the market continues up again, the lowest point reached before it started back is now support. In this way, resistance and support are continually formed as the forex market oscillates over time. The reverse is true for the downtrend.

with best regards,

Khan 123.
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –