Easier Way Determining SNR Without Formula!

SNR (Support and Resistance) is a technique that is often used by traders in technical analysis. The terms support and resistance are 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.

Using support and resistance, traders will be able to calculate and estimate price movements more easily and accurately. Support and resistance can be likened to restraining the rate of price movement. Support is tasked with holding the price down, while resistance suppresses the increase. At the same time, actually the basic purpose of using support and resistance is more on estimating the right area to take a buy or sell position and determine the exit market target.

The existence of support and resistance cannot be separated from the economic theory of supply and demand. In economics, support can be likened to an area of demand, while resistance is the supply. A price break in the support area can explain that there is a decrease in demand for goods, accompanied by an excess supply of commodities on the market. This is what causes prices to fall. Meanwhile, a break in the resistance area indicates that the increase in demand for these goods has not been matched by adequate or consistent supply in the market, resulting in a high and rapid price increase.

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