Complete Important Points of Technical Analysis❗❗

Trading is an activity of buying and selling investment instruments in a short period of time. Trading activity is also a trading activity that can provide profits in a short span of time. In trading, there are several analyzes, namely fundamental analysis and technical analysis that traders usually use. This article will only discuss technical analysis.

Technical analysis is one of the main tools in trading activity. Technical analysis is an analytical method used to predict price data in the previous period that has been formed and displayed on a chart. In this context, traders must at least understand charts which are generally often used in technical analysis first so they know price movements well.

Levels (SNR)

Technical analysis is based on identifying support and resistance levels. These levels act as confirmation points that can strengthen or reverse the market trend once the price approaches one of these levels. Sometimes concrete and obvious, sometimes biased and uncertain, support and resistance levels indicate certain thresholds and limits of the market at which prices move.

These levels serve as benchmarks for traders to determine the direction of trading. Take profits are often placed at resistance levels if the market has a tendency to rise, while stop losses can be placed at local support levels.

Range

One strategy that can be used by forex traders is to use the daily average range. The benefit of this strategy is taking advantage of monthly, weekly, and daily averages. Many traders think that if the price movement has moved and reached a certain time range, then that time is a suitable range or benchmark for opening a position. To identify a range is to identify breakouts or price reflections back and forth, or many traders identify price movements with the average daily movement of a currency.

Watch the full video and details below!


More info : 

Free material soft copy contact 081 258 066 174 wa/call 

Private info / paid premium class (guided forever until consistent profit and independent). 

Whatsapp/call 081 233 593 672 Or direct access to our web www.wijayatrading.com

Comments

Post a Comment

Popular posts from this blog

Tingkatan Seorang Trader

Image
Sebelum menjadi trader sukses, perlu dipahami bahwa ada berbagai macam tingkatan trader forex yang harus dilalui. Tingkatan-tingkatan tersebut biasanya dibedakan dari beberapa kriteria. Jika dilihat dari pengalaman, pengetahuan, cara berfikir, dan sikap mentalnya, seorang trader dapat dikategorikan dalam 5 tingkatan. Trader Pemula Seorang trader pemula pada umumnya masih merasa asing terhadap pasar forex. Trading forex dianggap sesuatu yang baru dan mungkin agak unik atau mengasyikkan. Mereka cenderung ingin mengetahui segala hal yang berhubungan dengan trading dan pasar forex dengan cepat dan instan. Baik analisa fundamental maupun analisa teknikal dipelajarinya dengan cepat. Trader pemula selalu mencari dan mempelajari cara-cara yang gampang, sederhana, dan segera dapat digunakan untuk trading. Pada umumnya, mereka mengharap profit besar dari trading forex. Trader Profesional Dari sebutan "profesional" yang disandangnya, memang profesi utama trader di tingkatan ini adalah t
Read more

SNR, BEST TRADE STRATEGY!

Image
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. The support point is the point which is believed to be the lowest point of an asset in a certain period. While the resistance point is the point that is believed to be the highest point of an asset in a certain period. 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 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. Basically, SNR aims to find out the right area when taking a buy or sell position and determine the target price movement. The support area is generally an area used as a reference f
Read more