Sunday, 29 April 2018

Suppgrt and Ressistance lines


•Resistance line is an imaginary line that upward price action cannot penetrate.when a resistance line is broken, it turn to a support
•Support  line is an imaginary line which  downward price action cannot break through.When a support line is broken,it turns to a resistance line. see diagram above.

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1 comment:

  1. Odigwe Vincent29 April 2018 at 09:22

    Resistance and support lines are very important in forex. They sever as reversal point.A rsistance broken becomes a support.conversely, a support broken becomes a resistance.

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