How to Entry in Important Areas of Forex Market

The entry position is an important and very influential point in determining the final result in forex trading. This means that if the trader enters the entry position with precision, then it will determine the trader's trading results in the long term. With the right entry, it will form a good risk/reward. However, many traders think that entry is an easy thing to do and do not look for the best possible entry to obtain optimal trading results.

In general, entry is considered an easy thing to do. But in practice, not many traders can make good use of it. In fact, if this role can be carried out properly and efficiently, then it means that the trading results that traders do can achieve large profits. This is what traders can do in their entry in forex trading:

SNR (Support and Resistance)

Support and resistance are likened to the two attributes that are most widely 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. This level is used to determine whether the price will continue or reverse direction.

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

Watch the video below for full details below!


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