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Spotting Support And Resistance From Forex Charts
By admin | April 23, 2011
If you plan on trading forex from a technical standpoint, then there is no escaping it. You are going to have to know how to recognize both support and resistance. It’s as simple as that. For starters, you need to know that when support breaks, it becomes resistance. Also, if resistance breaks it becomes support. You need to look at your forex charts andd see where the price of a particular currency pair seems to stall. That’s a really good indication of where you can find both support and resistance. Should it ever break, you can trade it as a breakout.
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