This is easy to understand when you consider most Forex education sites never mention anything about support and resistance. Most sites want to sell you an indicator that will allow you to trade ,rather than teach you how to trade for yourself.
Once you learn to place, use and understand support and resistance lines, then you will never need to pay for a signal service or use indicators ever again.
So What Exactly is Support and Resistance?
Support = Buy Area
buyers
bulls
support
Resistance = Sell Area
sellers
bears
resistance
Support always equals a buying area. The words buyers, bulls, and support are interchangeable.
Resistance is always a selling area and the terms sellers, bears, and resistance are interchangeable.
Area of Support
An area of support always appears below the current price. It marks out the area that buyers are likely to enter the market.
Area of Resistance
An area of resistance always appears above the current price. It marks out the area that sellers are likely to enter the market.
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