Forex Overlapping Support Resistance

Forex Overlapping Support Resistance

SUMMARY

Forex Overlapping Support Resistance is one part of our analysis. You will learn on how to find the real Support and Resistance otherwise everything are your Support and Resistance this is when your trading can be a failure.

Why Forex Overlapping Support Resistance is so important:

• Before news is release in market price will always appear first
• There is always news leak before it release date
• Price will always stop there before retail markets join into selling/buying force
• The first move will always be the big boys in the market because they always have the first hand on news even their Secretary
• Learning Technical Analysis always get a heads up on what the big boys are doing

Will Forex Overlapping Support Resistance always repeat ?

• Support can subsequently become Resistance and Resistance can subsequently become support.

• Interchangeability of support and resistance can date back to prices many years back.

Tip: Good to draw a line on turning point, switch to weekly or monthly chart to look at historical support and resistance. You will find the current turning point will be some old levels.

• When price breaks out of a resistance level, expect price to test back this level again (in turn, this level becomes a support).

• Likewise, when price break out of a support level, expect price to test back to this level (which becomes a resistance now).