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)

THREE THINGS YOU MUST KNOW ABOUT SUPPORT AND RESISTANCE LEVELS IN FOREX TRADING - PART 1 #trading

26 Jul 2023 · 1 min

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Vladimir Ribakov explains three core rules for forex support and resistance. Treat them as zones, not exact points. A level holding twice doesn't mean it will hold again. Wait for confirmation before trading, don't jump in the moment price reaches the zone.

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Here are three very important things you must know about support and resistance in trading. The first thing, support and resistance will be never a specific level; it will be a zone. You cannot expect a specific level to hold. The market is never perfect. Support and resistances will always act as zones. If support and resistance hold one or two times, it does not mean that it will necessarily hold on the third time. Sometimes it will make fake break, fake pullback, and then continuation. And the third thing, you should not expect to go instantly, immediately for a sell from a resistance or buy from support.