More Support and Resistance.

Let’s close on more support and resistance.

• When the price passes through resistance, that resistance might become support.
• The more often price tests a level of resistance or support without breaking it, the stronger the area of resistance or support is.
• When a support or resistance level breaks, the strength of the follow-through move depends on how strongly the broken support or resistance has been holding.

Practice

With a bit of practice, you’ll easily spot potential forex support and resistance areas.

In the next lesson, we’ll teach you how to trade diagonal support lines, otherwise known as trend lines.

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