heco08

Example of a Support and Resistance lines.

Formación
FX:EURNZD   Euro/Dólar neozelandés
I want to show with this example how the price in a lateral movement oscillate in ranges between supports and resistances lines.
The target is the following, if the price bounces on a resistance, make a short until it reaches the support level.
If it bounces on a support, make a long until it reaches the resistance.
If the price breaks a resistance, make a long until the next resistance level.
If it breaks a support, make a short until the next support level.

Sometimes a price level can behave as support and as resistance, this indicates that it is a strong level.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.