Important Levels of Forex Market

The important level of the forex market in question is the SNR (Support and Resistance) level. In simple terms, support and resistance are likened to the two attributes that are most discussed in the analysis where support is a level that has the potential to withstand price declines. Meanwhile, resistance is a level area that has the potential to hold back price increases. These levels are used to determine whether the price will continue or reverse direction.

Basically, support and resistance aims to find out the right area when taking a buy or sell position and determine the target of price movement. The support area is generally an area that is used as a reference to find buy positions, while the resistance area is used as a reference to find short positions.

Basically, SNR aims to find out the right area when taking a buy or sell position and determine the target of the price movement. The support area is generally an area used as a reference to find buy positions, while the resistance area is used as a reference to find short positions. Support and resistance are not sufficiently understood in theory, but traders need to take advantage of the help of technical indicators or certain methods of mapping price movements.

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