Always MC Because You Don't Know SND and SNR❗❓

 For those who have been involved in the forex field for a long time, of course, they have heard of the concepts of SND and SNR, which are known in Indonesian as supply and demand. In fact, the market would not exist if there were no goods to be sold or bought. The forex market is the same, because the forex market is also a meeting place for sellers and buyers of forex.

Basically, supply is the amount of goods available at one time in the market, while demand is the amount of goods desired at one time. Supply and demand is a price psychological area where sideways often occur in that area where prices can break out of that area or return.

The term SNR (Support and resistance) is fairly popular in the world of forex trading. This is one of the most frequently used techniques in technical analysis. Without it, traders will experience difficulties and even lose in carrying out trading activities. In simple terms, support and resistance are likened to the two most discussed attributes in analysis where support is a level that has the potential to hold back a decline in prices. 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.

Basically, support and resistance aims to find the right area when taking a buy or sell position and determine targets for price movements. The support area is generally an area used as a reference for looking for short positions.

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