Determine support & Resistance

Determine support and resistance

After you can recognize the ongoing trend, the next step is to determine where the support and resistance levels are. You can look for "buy" opportunities in the support area or "sell" in the resistance area. Of course you should not forget the first step above, which is taking a position that is in line with the trend.
In other words, if you see the current trend is an uptrend, then look for a "buy" position in the support area, and vice versa You can also use support and resistance levels as a "warning" if it turns out the price doesn't move as you expect. If for example translucent support even though you have previously opened a "buy" position, then a break of the support should be a warning to cut-loss.


Linkback: https://www.forex.zone/forex-education/29/determine-support-and-resistance/738/

Determine support and resistance

After you can recognize the ongoing trend, the next step is to determine where the support and resistance levels are. You can look for "buy" opportunities in the support area or "sell" in the resistance area. Of course you should not forget the first step above, which is taking a position that is in line with the trend.
In other words, if you see the current trend is an uptrend, then look for a "buy" position in the support area, and vice versa You can also use support and resistance levels as a "warning" if it turns out the price doesn't move as you expect. If for example translucent support even though you have previously opened a "buy" position, then a break of the support should be a warning to cut-loss.

Support and resistance is indeed a key point in placing entry positions, installing stop loss and take profit. In addition, support and resistance are also important for analyzing market psychology where prices often move, bounce or continue at that point.

Many indicators can be used to identify resistances such as pivot points, Fibonacci retracement, SnR and so on. By using a resistance-support indicator it will be easier for us to determine the entry like the strategy you mentioned.

Hello Nendi71 ,

determining support and resistance is very important if a trader uses this technique for his daily analysis, support and resistance are references to determine the open posiso buy or sell of each trader who uses this indicator

yes right, but do not forget it does not mean that when prices reach support then we buy and vice versa, we must first see what the reaction is done by the price and what pattern is formed.

Determine support and resistance

After you can recognize the ongoing trend, the next step is to determine where the support and resistance levels are. You can look for "buy" opportunities in the support area or "sell" in the resistance area. Of course you should not forget the first step above, which is taking a position that is in line with the trend.
In other words, if you see the current trend is an uptrend, then look for a "buy" position in the support area, and vice versa You can also use support and resistance levels as a "warning" if it turns out the price doesn't move as you expect. If for example translucent support even though you have previously opened a "buy" position, then a break of the support should be a warning to cut-loss.

Trading based on support and resistance.
Simple, but why are there still many who don't understand? I think that because determining support and resistance itself is very subjective. Once upon a time I considered the price level x to be a strong support that I could make a buy entry point, but according to my friend level y was a strong support for entry buy.

Well, in your opinion, to avoid confusion like that, what should I do?

Determine support and resistance

After you can recognize the ongoing trend, the next step is to determine where the support and resistance levels are. You can look for "buy" opportunities in the support area or "sell" in the resistance area. Of course you should not forget the first step above, which is taking a position that is in line with the trend.
In other words, if you see the current trend is an uptrend, then look for a "buy" position in the support area, and vice versa You can also use support and resistance levels as a "warning" if it turns out the price doesn't move as you expect. If for example translucent support even though you have previously opened a "buy" position, then a break of the support should be a warning to cut-loss.

it would be good if you attach a video or a photo for people who still lear to see how to see a resistant and support level, a newbie like me often onfuse without video or photo, but thanks, this is a basic to learn much about forex

Menentukan support dan resistance

Setelah Anda dapat mengenali tren yang sedang berlangsung, langkah selanjutnya adalah menentukan di mana level support dan resistance berada. Anda dapat mencari peluang "beli" di area support atau "jual" di area resistance. Tentu Anda tidak boleh melupakan langkah pertama di atas, yaitu mengambil posisi yang sesuai dengan tren.
Dengan kata lain, jika Anda melihat tren saat ini adalah tren naik, maka cari posisi "beli" di area support, dan sebaliknya Anda juga dapat menggunakan level support dan resistance sebagai "peringatan" jika ternyata harga tidak naik. bergerak seperti yang Anda harapkan. Jika misalnya dukungan tembus meskipun Anda sebelumnya telah membuka posisi "beli", maka tembusnya dukungan harus menjadi peringatan untuk cut-loss.

Thank you about your information share....
Very good sir sukses

Determine support and resistance

After you can recognize the ongoing trend, the next step is to determine where the support and resistance levels are. You can look for "buy" opportunities in the support area or "sell" in the resistance area. Of course you should not forget the first step above, which is taking a position that is in line with the trend.
In other words, if you see the current trend is an uptrend, then look for a "buy" position in the support area, and vice versa You can also use support and resistance levels as a "warning" if it turns out the price doesn't move as you expect. If for example translucent support even though you have previously opened a "buy" position, then a break of the support should be a warning to cut-loss.

in determining this support and resistance is very important, because knowing the SNR we will be able to determine the point of the TP and also the SL / CL is good, so that we can trade well and make a profit.