Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

All You Need To Know About Resistance Levels In Forex Trading

28 Oct 2024 · 2 min

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1:59

In this tutorial Vladimir Ribakov explains what resistance levels are in forex trading, emphasizing that resistance is a price zone rather than a single point. He describes how a zone that repeatedly halts price advances becomes stronger, driven by high selling interest. The video outlines how traders can use resistance zones for entry and exit points, for anticipating trend reversals, or for joining higher‑timeframe trends. Two concrete chart examples are shown: a weekly NZD/CHF chart where a major resistance area around 0.80 has rebounded more than five times, and a 1‑hour AUD/CAD chart with a classic resistance zone that has repelled price three times. The tutorial ends with a call to join the Home Trader Club for further education and trading opportunities.

Chapters

Here is all you need to know about resistance levels. This is how resistance level looks like. Resistance zone is a zone which the price could not break through. It was holding several times, and every time the price bounces off the zone. Keep in mind, resistance is never a specific level. It is a zone or a range of prices. The more touching points or spots you have on the zone, the stronger it is considered to be and the stronger this resistance will be. There is a high selling interest around resistance levels. It could be useful for entry points or exit points if you were riding the trends. It also could be used for trend reversals or even trend continuation when you look to join higher timeframe ongoing trend. Here are a couple examples: NZD/CHF weekly chart, massive major resistance area around the 0.80 which is a psychological level by itself and you can see more than 5 times, every time the price touches the zone, price bounces off, sellers take control. AUD/CAD 1-hour chart, classical resistance zone, more than 3 times. Every time the price touches the zone, the sellers take control, pushes the price down, and the price bounces off. For more trading education, real-time trading opportunities, full complete courses, and so much more Join our family, the Home Trader Club. Link in the bio.