One of the most important trading, technical and price action skills you’ll need in forex trading, stock trading or trading any major market, is the ability to draw and find key support and resistance levels and zones. This is a trading ‘skill’ you’ll need to build.
However, did you know there are two types of support & resistance? The first one is horizontal support and resistance, which we did a video on recently here.
The second type of support and resistance you’ll find in trading is dynamic support and resistance, which is fundamentally different in terms of how it’s constantly moving, while offering a floor or ceiling to the price action.
In today’s trading video, I’m going to share with you one method I use to find dynamic support and resistance in the markets, whether its trading stocks, forex, commodities, or global indices.