The truth about Support and Resistance nobody tells you;

[Realjosh254]

First, let’s define what’s Support and Resistance so we’re all on the same page.
Support – A horizontal area on your chart where you can expect buyers to push the price higher.
Resistance – A horizontal area on your chart where you can expect sellers to push the price lower.
Also: Support and Resistance can swop roles. This means when Support breaks it can become Resistance. And when Resistance breaks it can become Support
But why does it happen?
✍ Because when the price breaks Support, traders who are long are losing money and in the “red’. So, when the price rallies back to Support, this group of traders can now get out of their losing trade at breakeven — and that induce selling pressure.

And that’s not all because traders who missed the breakout will want to short the markets which increase the selling pressure.
And that’s why when Support breaks it tends to become Resistance..

Make sense?
Now you’re probably wondering…

“But how do I draw Support and
Resistance on my charts?”

 

[Robert Hills]

Everyone trades in the market for making profit. But it is not easy to make profit. Forex market is like a puzzle game. You have to make proper decision in proper time. It is quite difficult to take quick decision without the help of any broker. Making profit is mainly depend on the spreads and leverage and the ability of taking quick and appropriate decisions. I always trade with TP Global FX. Because they provide low spreads starting from 0.01 pips and give a dynamic leverage at maximum of 1:500. It helps me to ensure my profit easily.

 

[Josep2]

Good levels of support and resistance are the gaps

 

[zuluwarrior]

This is good basic information, thank you for sharing...

 

[dangelo505775]

I think the biggest take away from support and resistance is not that it's a specific point but it's an area and zone

 

[th3.grey]

How do you know if your zone is too small or too big? Is there a quick and dirty way to know?

 

[Ke_Nandi]

Clearly put. I’ve surely learned. Thanks for sharing this information.

 

[Marian Median]

The support is the price point that you can expect to have more buyers than sellers. Similarly, resistance is a price point that you can expect to see more sellers than buyers. Support and resistance lines are just an indication of possible price reversals. However, support is a price point below the current market price, indicating a buying interest. The resistance is the price point above the current market price, indicating the interest of selling.

 

[mikebuyco]

I'm not really a fan of support and resistance. I prefer reading market structure and price action.

 

[Tomasik]

First, let’s define what’s Support and Resistance so we’re all on the same page.
❇ Support – A horizontal area on your chart where you can expect buyers to push the price higher.
❇ Resistance – A horizontal area on your chart where you can expect sellers to push the price lower.
Also: Support and Resistance can swop roles. This means when Support breaks it can become Resistance. And when Resistance breaks it can become Support
But why does it happen?
✍ Because when the price breaks Support, traders who are long are losing money and in the “red’. So, when the price rallies back to Support, this group of traders can now get out of their losing trade at breakeven — and that induce selling pressure.

And that’s not all because traders who missed the breakout will want to short the markets which increase the selling pressure.
And that’s why when Support breaks it tends to become Resistance..

Make sense?
Now you’re probably wondering…

“But how do I draw Support and
Resistance on my charts?”

thanks for sharing!

 

[klynsobs]

First, let’s define what’s Support and Resistance so we’re all on the same page.
❇ Support – A horizontal area on your chart where you can expect buyers to push the price higher.
❇ Resistance – A horizontal area on your chart where you can expect sellers to push the price lower.
Also: Support and Resistance can swop roles. This means when Support breaks it can become Resistance. And when Resistance breaks it can become Support
But why does it happen?
✍ Because when the price breaks Support, traders who are long are losing money and in the “red’. So, when the price rallies back to Support, this group of traders can now get out of their losing trade at breakeven — and that induce selling pressure.

And that’s not all because traders who missed the breakout will want to short the markets which increase the selling pressure.
And that’s why when Support breaks it tends to become Resistance..

Make sense?
Now you’re probably wondering…

“But how do I draw Support and
Resistance on my charts?”

really helpful

 

[natey]

using support and resistance is one of the most important parts of trading as its part of every trading strategy and style as the concept will be exactly the same just executed differently

 

[gennystany13]

bro you don't need to listen to anyone. Learn the basics (how to draw), and then draw 1000 and understand the relationship.

 

[Charles Agustin]

You can even start trading with a 10 dollar capital but to grow this capital, you need sufficient trading skill and knowledge.

 

[John Miller]

Traders should look for knowing the platform and understanding the market first and then they should jump into trading. Honestly, gaining from the Forex market will be really difficult. Eurotrader offers signals on and off to traders so their traders can enjoy profit sometimes.

 

[pippin]

First, let’s define what’s Support and Resistance so we’re all on the same page.
Support – A horizontal area on your chart where you can expect buyers to push the price higher.
Resistance – A horizontal area on your chart where you can expect sellers to push the price lower.
Also: Support and Resistance can swop roles. This means when Support breaks it can become Resistance. And when Resistance breaks it can become Support
But why does it happen?
✍ Because when the price breaks Support, traders who are long are losing money and in the “red’. So, when the price rallies back to Support, this group of traders can now get out of their losing trade at breakeven — and that induce selling pressure.

And that’s not all because traders who missed the breakout will want to short the markets which increase the selling pressure.
And that’s why when Support breaks it tends to become Resistance..

Make sense?
Now you’re probably wondering…

“But how do I draw Support and
Resistance on my charts?”

That's great insight however I think proper backtesting is needed to verify this hypothesis

 

[Mr$enate]

First, let’s define what’s Support and Resistance so we’re all on the same page.
Support – A horizontal area on your chart where you can expect buyers to push the price higher.
Resistance – A horizontal area on your chart where you can expect sellers to push the price lower.
Also: Support and Resistance can swop roles. This means when Support breaks it can become Resistance. And when Resistance breaks it can become Support
But why does it happen?
✍ Because when the price breaks Support, traders who are long are losing money and in the “red’. So, when the price rallies back to Support, this group of traders can now get out of their losing trade at breakeven — and that induce selling pressure.

And that’s not all because traders who missed the breakout will want to short the markets which increase the selling pressure.
And that’s why when Support breaks it tends to become Resistance..

Make sense?
Now you’re probably wondering…

“But how do I draw Support and
Resistance on my charts?”

in terms of analysis, how does this information lead to my entries and decision making ?

 

[User3301]

Thanks for sharing this. I did not think about this.

 

[krev]

Very useful, thanks! I never saw it from this perspective, I will take this into account for my future trades.

 

[Maxaio]

Thanks for your inside. I personally think that reading correctly market structure is more profitable then just focusing on S&R