The Importance of Support and Resistance Forex Online Trading https://www.fideliscm.com/
You’ll often hear analysts talking about a certain security approaching a resistance or support
These are simply price levels or a range of prices that a security or currency doesn’t often go over which is termed as resistance and go under which is termed as support
Generally the Support is the level at which the price seldom falls below and the resistance is the level the price seldom exceeds
Each time the price hits the resistance or support, it appears the price has hit a wall and reverses at least in the short term.
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