Forex Technical Analysis Without Indicator

Technical analysis is an analytical technique that is usually used by traders to help buy and sell decisions in trading stocks, forex, gold or commodities. The purpose of studying technical analysis is so that traders can assess current market conditions based on price history in the past, as well as provide an overview or prediction about future market movements.

Technical analysis can help to determine when is the right time to buy a stock for long-term storage. Meanwhile, for traders, of course, technical analysis is used to determine selected stocks that have the potential to profit in the short term. Technical analysis plays an important role in showing stock price charts, trends that occur, support and resistance, as well as the right time to sell or buy with the help of indicators. However, technical analysis can use indicators, how?

SNR Level

Traders must master technical analysis in their trades, one of which is support and resistance. SNR was the most discussed in the analysis. Support is a level that has the potential to hold the price down. Meanwhile, resistance is a level that has the potential to hold back price increases. Basically SNR aims to find out the right price movement when taking a buy or sell position and determine the price to continue or reverse direction. Support is generally a reference for looking for long positions, while resistance is a reference for looking for short positions. Therefore, SNR can be combined in the form of a candlestick which is believed to determine the next movement. SNR is not sufficiently understood in theory, but it is necessary to take advantage of the help of technical indicators of price movements.

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