moonchild
VIP Contributor
Support and resistance is the easiest strategy you can learn if you are just starting or you're looking for a strategy to start using in your trading, it simple and self explanatory without much bluff, all you have to do is buy at support and sell at resistance, easy peasy.
To identify a support zone, you'll notice that price can't seem to break a level to the downside and it kind of bounce, that's an example of a support zone and for resistance any level that price cannot penetrate is a resistance zone to the upside.
All you have to do is buy at support and sell at resistance and then manage your risk by not betting your while account.
To identify a support zone, you'll notice that price can't seem to break a level to the downside and it kind of bounce, that's an example of a support zone and for resistance any level that price cannot penetrate is a resistance zone to the upside.
All you have to do is buy at support and sell at resistance and then manage your risk by not betting your while account.