59 days ago • Posted by Paul de La Baume
Technical Analysis: Resistance & Supports #forex #trading #technicals
Support and resistance levels are horizontal price levels that typically connect price bar highs to other price bar highs or lows to lows, forming horizontal levels on a price chart. Traders can use these to understand where there are higher probabilities of a price reversal. It can also be useful to set 'take profit' levels or 'stop losses' for risk management.