SNR, BEST TRADE STRATEGY!

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 for looking for buy positions, while the resistance area is used as a reference for looking for sell positions.

The basic trading law of support and resistance points is, when the price movement approaches the support and resistance point, a temporary price reversal or bounce will occur, whereas if after a bounce occurs, the price continues to move through the support or resistance point, a breakout occurs and price movement will form a point. new support and resistance.

When there is a breakout or penetration of the resistance point upwards, then the resistance point in the past can become a support point in the future, and vice versa, when there is a downward breakout/breakdown of the support point, then the past support point can become a resistance point in the future. will come.

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