Forex Zone - Forex Forum

Determine support & Resistance

Discussion started on Forex Education

  • Sr. Member
  • Posts: 444
  • Points: 0
  • Likes Received: 31
  • Reputation: +2/-0
Identifying support and resistance requires technical analysis to make it easier to find support and resistance areas which are very important for the trading we will do.
#121 - September 29, 2020, 06:37:33 AM

  • Sr. Member
  • Posts: 436
  • Points: 0
  • Likes Received: 53
  • Reputation: +2/-0
Identifying support and resistance requires technical analysis to make it easier to find support and resistance areas which are very important for the trading we will do.
Finding and determining support and resistance will be useful for making the best arrangements in our trading transactions. Where finding a good arrangement provides a greater chance of success.
#122 - September 29, 2020, 07:16:53 AM

  • Sr. Member
  • Posts: 436
  • Points: 19608
  • Likes Received: 5
  • Reputation: +1/-0
We can easily identify support and resistance in various ways, both with technical indicators and our understanding of price action and so on.
#123 - September 30, 2020, 05:18:56 AM

  • Sr. Member
  • Posts: 378
  • Points: 13171
  • Likes Received: 13
  • Reputation: +0/-0
There are several ways to identify support and resistance even though these levels are quite subjective and every trader has different views.
#124 - October 01, 2020, 05:59:49 AM

  • Hero Member
  • Posts: 810
  • Points: 0
  • Likes Received: 120
  • Reputation: +3/-0
There are several ways to identify support and resistance even though these levels are quite subjective and every trader has different views.
Various ways of identifying resistance and support areas, each trader has their own way that they think is efficient.
The most effective depends on how to use it and read it.
#125 - October 04, 2020, 08:30:34 AM

  • Sr. Member
  • Posts: 449
  • Points: 45319
  • Likes Received: 14
  • Reputation: +1/-0
Support and resistance are relative limits, meaning that each trader will have different levels of resistance and support, so we must be able to determine these levels in our own way.
#126 - October 06, 2020, 06:53:52 PM

  • Sr. Member
  • Posts: 434
  • Points: 0
  • Likes Received: 17
  • Reputation: +1/-0
In determining support and resistance, we need to use a basis that can be a trend line or it could be using technical indicators that have been mastered
#127 - October 07, 2020, 03:00:00 PM

  • Sr. Member
  • Posts: 386
  • Points: 0
  • Likes Received: 62
  • Reputation: +1/-0
It is fatal to know the support and resistance in the market, in any pair the support and resistance is always there and becomes a reference for price changes, for example, the price breaks the resistance, it means the market has a big chance for a strong bullish.
#128 - April 12, 2021, 05:34:33 AM

  • Sr. Member
  • Posts: 266
  • Points: 0
  • Likes Received: 19
  • Reputation: +1/-0
The forex market has several elements to determine support and resistance, the first is from timeframes and also technical analysis.
Because determining support and resistance based on previous historical prices as the basis of the analysis.
#129 - April 12, 2021, 09:33:14 AM

  • Hero Member
  • Posts: 810
  • Points: 0
  • Likes Received: 120
  • Reputation: +3/-0
The support and resistance areas must be known by the trader before starting trading, and the most appropriate and simple way is the trading method, for example using Fibo or SNR and others.
#130 - April 12, 2021, 06:10:35 PM

  • Sr. Member
  • Posts: 274
  • Points: 0
  • Likes Received: 21
  • Reputation: +0/-0
Determining support and resistance can be used in several ways and timeframe selection is also very influential, so determining support and resistance lines is marked with several factors, not just technical analysis.
#131 - April 13, 2021, 03:33:11 PM

  • Sr. Member
  • Posts: 444
  • Points: 0
  • Likes Received: 31
  • Reputation: +2/-0
We can use technical help to determine support & resistance, such as the Fibonacci retracement is very useful to find areas that become support and resistance quickly. Its use is also quite easy and it's more efficient than us using other analysis systems that are quite complicated.
#132 - April 13, 2021, 04:59:30 PM

  • Hero Member
  • Posts: 628
  • Points: 0
  • Likes Received: 59
  • Reputation: +1/-1
Support and resistance are easy to determine, only with the help of a few indicators, you must have read the areas of support and resistance, then we just need to use a time frame that is in accordance with our trading method, so that it is more optimal and accurate in its analysis.
#133 - April 14, 2021, 05:44:30 AM

  • Hero Member
  • Posts: 524
  • Points: 0
  • Likes Received: 65
  • Reputation: +2/-0
Support and resistance are very important and more sensitive to market movements, when the price is at the SNR point the market will experience new movements such as reverse, consolidation, etc.
This is an important point in determining support and resistance, we can determine it by looking at the movement of the previous candle.
#134 - April 15, 2021, 11:24:42 AM

  • Hero Member
  • Posts: 1508
  • Points: 333
  • Likes Received: 174
  • Reputation: +20/-8
in trading a lot of traders who use the support and resistanc area as a reference material to enter the market, and indeed this area is very important because the price is moving when these two things are not balanced
#135 - May 25, 2021, 11:37:51 AM

Members:

0 Members and 1 Guest are viewing this topic.