Support and Resistance Lines

Conclusion: Support and Resistance can be used to execute trades

. Keep in mind, that technical indicators are not gaurentees of profitable trades. In our examples above, we could've easily entered an unprofitable trade, and the pair could've moved to a third resistance or support line. In most cases, a third resistance line or support line won't be met. In some cases, a resistance line will be met, we enter a sell order trade, and the first support level won't even be met. So we usually set the take profit before the support line.

Support and Resistance Lines

By: ForexGuy19

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