How to Trade Support and Resistance like a PRO – Full Tutorial (High WIN RATE)

In today’s video, we learn how to trade support and resistance strategy with practical examples, trading support and resistance are probably among the most popular trading strategy among Forex traders.

we’ll be covering how supply and resistance trading works as well as going over a simple support and resistance trading strategy.
Perhaps one of the most important aspects of Forex trading is understanding support and resistance. These two terms will become your foundation as you begin building your solid trading strategy.

Simply put, an area of support is where the price of an asset tends to stop falling, and an area of resistance is where the price tends to stop rising. But traders need more information about support and resistance beyond those simple definitions before they attempt to make trading decisions based on those areas in a chart.

Support is a price key level where a downtrend can be expected to pause due to a high concentration of demand or buying interest. As the price of a forex pair or stock drops, demand for the shares increases, thus forming the support line. Meanwhile, resistance zones arise due to selling interest when prices have increased.

To use support and resistance effectively, you first need to understand how the price of forex pairs typically move, so you can then interpret support and resistance from that framework.

In general, Support occurs where a downtrend is expected to pause due to a concentration of demand.

Resistance on the other hand occurs where an uptrend is expected to pause temporarily, due to a concentration of supply.

#Support_Resistance_Strategy #Supply_and_Demand_Strategy

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