The two ingredients that will help you to be able to come up with a solid and accurate Price Action signal in forex are candlestick patterns and a structure (Support and Resistance). On our previous videos, i have already thought you guys about Candlesticks and how to use them to generate signals but on this video I will be teaching you how to trade Support and Resistance like the Pros and how you can combine support and resistance levels with candlesticks patterns to be able to come up with snipper signals in forex trading.
Subscribe, Like 👍, enjoy the video and let me know on the comment section if you have any questions 😊
GET A FUNDED PROP FIRM ACCOUNT NOW.
I Recommend This Prop Firm
🦁 Lionheart Funding Program LFP - Get $600K Max Allocation & Scale Up To $2.5 Million
👉 Get Account Here : [ Ссылка ]
🏆 Get My Complete Online Forex Trading Course Here: [ Ссылка ]
🤖 Get PATREX PRO Best Forex Robot Here: [ Ссылка ]
🏓 Join My Free Telegram Channel Now: [ Ссылка ]
💰 Join My VIP Telegram Channel Now(3 To 7 Signals everyday): [ Ссылка ]
RECOMMMENDED FOREX BROKERS
🏆 Looking for the Best Forex Broker?
I Use and Recommend These Brokers.
🧩 XM - #1 Best & Biggest Forex Broker In The World With Highest Volume.
👉 Sign up link: [ Ссылка ]
🎖IC Markets - #2 ECN Forex Broker with Low Spreads
👉 Sign up here: [ Ссылка ]
🦾 Get The Best Forex VPS Here: [ Ссылка ]
📧 Email For Business Enquiries: support@godlovegroupltd.com
❤️ Join My Free Discord Community Now!: [ Ссылка ]
📸 Follow My Instagram: [ Ссылка ]
----------------------------------------------------------------------------------
#supportandresistance #forex #priceaction #Ndemazeahgodlove #godloveforex #forex #cryptotrading #forextraderlifestyle #strategy #ForexChallenge #liveforex #forexstrategy #forextrader #vlog #forextrading #secretforexstrategy #forexmillionaire #forexcourse #forexlife #forexmoney #forexmentor #investing #scalping #forextips #crypto
----------------------------------------------------------------------------------
Support and Resistance Basics
Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend.
Support occurs where a downtrend is expected to pause due to a concentration of demand.
Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply.
Most experienced traders can share stories about how certain price levels tend to prevent traders from pushing the price of an underlying asset in a certain direction. For example, assume that Jim was holding a position in stock between March and November and that he was expecting the value of the shares to increase.
When the market is trending to the upside, resistance levels are formed as the price action slows and starts to move back toward the trendline. This occurs as a result of profit-taking or near-term uncertainty for a particular issue or sector. The resulting price action undergoes a "plateau" effect, or a slight drop-off in stock price, creating a short-term top.
----------------------------------------------------------------------------------
⚠️ NOT FINANCIAL ADVICE DISCLAIMER:
We have done our best to ensure that the information provided here and the resources available for download are accurate and provide valuable information. Regardless of anything to the contrary, nothing available on or through this Website should be understood as a recommendation that you should not consult with a financial professional to address your particular information. The Company expressly recommends that you seek advice from a professional.
Ещё видео!