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Forex support and resistance

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Visit this site http://www.theforexguy.com/how-to-draw-support-and-resistance/ for more information on Forex Support and Resistance. Forex Support and Resistance make up the major boundaries of ranging markets, when a market is range bound the only levels you really need to have marked out is the upper resistance ceiling and the lower support floor of the range. It is recommend to only trade price action signals from these 2 levels, short signals at range resistance and long signals at the range support.

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  • 1. Topic PAGENODraw Support AndResistance3Support And Resistance 4Forex Support AndResistance5Trending Markets 6The Weekly AndMonthly Levels7Support Vs. Resistance 8Photo Gallery 9Contact Us 10

2. The ability to draw supportand resistance correctly islearned over time and patience,so dont give up. If youve got achart thats loaded up with somany lines that you dont evenknow what youre looking atanymore, then youre doing itwrong. Acquiring the skill ofmarking out support andresistance is super importantfor any trader because its thebackbone of any trading systemyou come across. 3. Forex Support And Resistance levels areproven price areas where buyers andsellers find some form of equilibrium andgenerally a shift of power between buyersand sellers occur that creates the pricereversal. Therefore Support andResistance are the key turning points in themarket. 4. A quick search of the forums and it didnttake me long to find traders posting upcharts littered with Forex Support andResistance lines that are way overdone.Instead of keeping things straight forwardand simple, this trader has gone overboardand created an environment that isimpractical and just down right toodifficult to trade in. 5. Trending markets are identified by usingswing points patterns, broken down intohigher highs, higher lows, lower highs andlower lows. These key points are calledswing highs and swing lows and the orderthey form in can help identify trends,especially in their early stages. 6. On a larger scale, strong weekly andmonthly levels should be marked on yourchart when current price is the vicinity ofthem. Support and resistance levels on thistimescale are major turning points in themarket and want to be paid close attentionto. Strong daily price action signals thatoccur at significant weekly or monthly S/Rcan be the catalyst for a strong move anda very profitable trade. 7. Support is an area on the chart where themarket demonstrates strong buying action,easily identifiable by price bottoming outcaused by bearish price action movementbeing overrun by bullish pressure at aconsistent point on the charts.Resistance is the opposite of support, itswhere you see price topping out as thebullish price action movement is met withoverwhelming bearish activity atconsistent levels on the charts. 8. To Know More About Forex Support AndResistance, Click Here :www.theforexguy.comContact Us Through Social Media :https://twitter.com/Best__Forexwww.youtube.com/BestSignalsForex