If you want to make money in forex, knowing how to identify potential support and resistance lines is essential.

Many times, trends were stalled or reversed upon reaching a major support or resistance line. However, having the right mindset is important. Find below a few points you must note.

Today, i will show you how i do mine. Not based on technical indicators, not by counting candles and definitely not via a crystal ball. I simply analyze the chart and lookout for price levels with significant interactions.

How to identify support and resistance lines in forex ? | TheGeekKnows | Forex Made Easy

Notice how the price reacts in the region of s r lines forex. During February and next in April. The numerous interactions around 1.

As i believe the support how to make money in springfield mo resistance lines are never a single pip, getting the exact line is not too much of a concern to me. I usually plot the center of the region s r lines forex question.

I usually zoom out to a number of years back.

Once again we see similar interactions at the region of 1. This additional confirmation is the reason how this line earned a special place in my charts. Besides the weekly, i use the daily charts too. Hence there is no short cut!

Forex Tips: Placing S+R Lines (For Newbies) • Forex4noobs

Constant monitoring is a must. Now that you know how can you identify support and resistance lines in forex the koala way, i urge you to fire up your chart and give it a try!

Learn why support and resistance lines are never a single pip. TheGeekKnows Forex Made Easy. How to identify support and resistance lines in forex?