Today’s article will focus on 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, support and resistance levels are like ‘doors’ or ‘walls’, either they will be open or closed – either they will break or they will hold shut. Your success 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 can have a well defended stop, a highly …... Keep reading