How to Identify Support and Resistance for Profitable Forex Trading
Learn to Trade in 5 Days Master Support and Resistance for Profitable Forex Trading Support and resistance are the cornerstones of Forex trading, acting like a table that price uses to bounce up or push down. After seven years of trading and millions in profits, I’ve learned that trading at these levels with Price Action Trading is the key to generating $1,000–$1,500 weekly in the $6.3 trillion Forex market. In this guide, I’ll explain support and resistance, how to identify areas of interest, and how to trade them profitably, plus a real trade example to show it in action. Get my 5-Day Trading Mini-Course 1. What Are Support and Resistance? Support and resistance are price levels where the market tends to reverse, acting as a platform for price to bounce (support) or reject (resistance). Key Characteristics: Support: A level where price rejects upward, like a table you push off to stand up. It’s where buyers step in, driving price higher. Resistance:...