Exness: Premium Trading on Forex, Gold & Crypto. Your search for the BEST SPREAD ends here!
If you need free forex signals or any assistance regarding forex, contact Tg:Joanne0fx
Support and resistance levels are essential in day trading as they can help traders identify potential entry and exit points for their trades. These levels represent price levels where the stock or market has historically had difficulty moving beyond, either due to buying or selling pressure.
Here are some methods traders use to find support and resistance levels:
When identifying support and resistance levels, it's essential to remember that they are not exact price levels but rather zones or areas where price action is likely to react. Traders should use a combination of these methods to increase the chances of identifying accurate support and resistance levels.
support and resistance, day trading, technical analysis