Page 24 - WHAT IS FOREX (2)_Neat

24

Support and Resistance Levels

Support and resistance are key concepts in technical analysis

used by traders to identify potential levels where a financial
asset's price may experience a pause, reversal, or acceleration.

What is the Support Level?

Support is a price level at which a currency pair stock or other
financial instruments tends to stop falling and may even bounce

back upward. It is considered a level where buying interest is

significantly strong, preventing the price from declining further.

Example of Support in 4-Hour Time Frame.

What is the Resistance Level?