Support and Resistance (Video Tutorial)

Hey! guys, It’s Shoaib here from FxForever.com and Today I’ll teach you How to Draw Support and Resistance manually on your chart. It’s very easy to Draw Support and Resistance on any pairs and also we will discuss, how can we trade more confidently by using just support and resistance.

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What are Support and Resistance?

A support level is a level where the price tends to find support as it falls. This means the price is more likely to “bounce” off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue falling until meeting another support level.

A resistance level is the opposite of a support level. It is where the price tends to find resistance as it rises. This means the price is more likely to “bounce” off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue rising until meeting another resistance level.

FINAL WORDS:

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