forex:price_action:support_and_resistance_levels
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forex:price_action:support_and_resistance_levels [2022/12/15 11:57] – peter | forex:price_action:support_and_resistance_levels [2022/12/15 14:39] (current) – peter | ||
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====== Forex - Price Action - Support and Resistance Levels ====== | ====== Forex - Price Action - Support and Resistance Levels ====== | ||
- | ===== Dynamic Support and Resistance | + | On uptrend, a small number of bars hit the Resistance |
+ | |||
+ | * There should be at least two touches on this level before defining it. | ||
+ | * The more horizontal and neater this level is – the better. | ||
+ | * So sell at or near this top. | ||
+ | |||
+ | On downtrend, buy at or near this top. | ||
---- | ---- | ||
- | On uptrend, a small number of bars hit the Resistance level and bounce back down. | + | ===== Dynamic Support |
forex/price_action/support_and_resistance_levels.1671105456.txt.gz · Last modified: 2022/12/15 11:57 by peter