Support and Resistance

Support and resistance are always associated with technical analysis. But that does not mean that fundamental traders should not learn it. Quite the contrary, it is very important to learn the support and resistance, so we can estimate the price in the future, not just gebetan.

Definition of Suppport and Resistance
Support and resistance is very important in understanding the trading charts later. In this class we will discuss the basic understanding of support and resistance.



Get to Know the Trend Lines
The trend in forex is defined as the price trend. The price will move in one direction, whether it is up or down. This trendline will often be encountered in reading technical analysis charts and its role is quite important especially to determine our position in trading.

Channel Definition
What is a channel? Does it have anything to do with TV programs? Not! Channels in forex is one of the tools used in technical analysis whose function is the same as trendline.

Trading Lines
A cursory technical analysis does look complicated, but it would be helpful if we managed to understand it. Basically, support and resistance levels can be understood with two simple ideas. Anything?