How to identify strong support and resistance level in forex market

How to identify strong support and resistance level in forex market



support and resistance level forex market mein key level kay area ka hawalla dayte hey jahan par forex market zyada currency or stock ka hawalla dayte hey or zyada seler beltarteeb currency or stock mein selling karnay kay ley ready ho jatay hein
support and resistance level trader kay en points ko identify kartay hein jahan par market mein tabdele aa jay ge es ko hum safe stop loss bhe keh saktay hein support or resistance kay bohut zyada important point yeh hotay hein keh forex market mein aik simple trading strategy par tabdalla kheyal karna chihay



support level in forex trading



support level forex market mein aik price ke level hote hey jo keh zyada demand ke wajah say or forex market mein zyada buying ke wajah say forex market mein price ka trend bearish say bullish mein tabdel ho jata hey zyada demand forex market kay trend ko tabdel kanay ke wajah ban sakte hey es level par price es zone ko tabdel karnay kay ya break karnay ke wajah ban sakta hey takeh forex market mein price mein tabdele ke wajah ban sakte hey lahza hum forex market ke es level par price ko tabdel karnay ke confirmation kar saktay hein esay serf trading mein support level he kaha ja sakta hey


Resistance level in forex trading



forex market mein resistance level say morad price ke woh level hote hey jahan par forex market ke zyada supply zyada seller kundgan ke wajah say he hote hey forex market mein price kay trend mein bearish say bullish mein tabdele wakay ho jate hey es ko serf forex trading mein resistance level he kaha ja sakta hey


support and resistance level forex trading strategy



forex or stock trading mein support or resistance level par sab say basic concept paya jata hey laken forex market mein aik ache trading strategy kay sath kam karna hota hey or yeh sab say important hota hey forex trading strategy mein support or resistance level ko talash karna hota hey ap ko profitable trade nahi banay ga jab tak ap risk o reward or risk management par amal nahi kartay hein
lower time frame pr jab price support or resistance level tak pohnch jate hein mera matlab yeh hey keh reversal chart pattern or reversal trend start ho jata hey forex market mein price action ke base par order open karen or forex market mein stop loss ke stop adjust karen main ap ko safe stop loss kaim karnay ke safaresh karon ge

Re: How to identify strong support and resistance level in forex market

Identifying strong support and resistance levels in the forex market can help traders make more informed trading decisions. Here are some methods to identify strong support and resistance levels:

1. Look for areas where the price has previously reversed: The price often bounces off levels where it has previously reversed, which can be a sign of a strong support or resistance level. Look for areas on the chart where the price has bounced off several times.
2. Identify round numbers: Round numbers such as whole numbers or multiples of 50 or 100 tend to act as support and resistance levels. For example, if a currency pair is trading at 1.3500, it may struggle to break above 1.3600, which is a round number.
3. Use trend lines: Draw trend lines connecting the highs or lows of price movements. These lines can act as strong support or resistance levels. If the price approaches a trend line, it may bounce off it or break through it, indicating a potential trend reversal.
4. Use moving averages: Moving averages can act as support and resistance levels. Traders often use the 50-day and 200-day moving averages to identify key support and resistance levels.
5. Watch for price congestion: Areas on the chart where the price has traded in a tight range for an extended period can indicate strong support and resistance levels.

Remember, support and resistance levels are not precise prices, but rather zones on the chart where the price is likely to encounter buying or selling pressure. Traders should use a combination of these methods to identify strong support and resistance levels and should always confirm them with other technical indicators and fundamental analysis.

Re: How to identify strong support and resistance level in forex market

Identifying strong support and resistance levels in the forex market is a crucial skill for traders. Here are some methods you can use to identify these levels:

1. Price action analysis: One of the best ways to identify support and resistance levels is to analyze the price action on a chart. Look for areas where the price has reversed multiple times or has struggled to break through a certain level. These areas can be considered strong support or resistance levels.
2. Moving averages: Moving averages can also help identify support and resistance levels. Traders often use the 50-day and 200-day moving averages to identify key levels where the price may reverse.
3. Fibonacci retracements: Fibonacci retracements are based on the idea that prices tend to retrace a predictable portion of a move, after which they continue in the original direction. Traders can use Fibonacci retracements to identify potential support and resistance levels.
4. Pivot points: Pivot points are calculated based on the previous day's high, low, and close prices. These levels can be used to identify potential support and resistance levels for the current day.
5. Volume analysis: High volume areas can also indicate support and resistance levels. If the price has struggled to break through a certain level with high volume, it can be considered a strong resistance level. Conversely, if the price has bounced off a level with high volume, it can be considered a strong support level.

Remember, no single method is foolproof, and it's important to use multiple methods to confirm the strength of a support or resistance level before making trading decisions.