Today’s article will focus on forex trading support and resistance key levels as this seems to challenge many developing traders. Learning how to trade support and resistance key levels is critical, because in essence, this is where;
a) you will be placing your stops and targets, and
b) this is where the institutional traders are getting in
In reality, forex support and resistance trading levels are like ‘doors’ or ‘walls’, either they will be open or closed – either they will break or they will hold shut. Your success in support and resistance trading will be in determining when they will hold, and when they will break.
Thus, it becomes essential to learn how to read key levels so you …... Keep reading