But the truth is that many new forex traders still get it wrong when it comes to trading support and resistance levels because they do not understand some of these 7 interesting facts I’m going to mention here.
These can help you in your trading…
#1: Obvious Factor
Every support and resistance level on any chart must be VERY obvious.
Which means they stick out, stand out, whatever you may call it.
In simple terms, support and resistance levels should stick out like a bull’s balls:
If you are unsure if a level you see is a S&R level or not, then get back to what I said before ask yourself this question: is it really obvious?
If you can’t see it, thousands of traders all over the world can’t see it. Which means don’t bother with such price levels.
Click “Next” button below to check out the 2nd Interesting fact about support and resistance levels.