Malaysia
2025-04-28 11:36
IndustryTrend lines and horizontal support and resistance
#CurrencyPairPrediction
Trend lines and horizontal support and resistance levels are fundamental concepts that often intersect and reinforce each other. An uptrend line, connecting a series of higher lows, can act as dynamic support, while a downtrend line, connecting lower highs, can function as dynamic resistance. When a trend line coincides with a significant horizontal support or resistance level, the area becomes a high-probability zone for price reversals or breakouts. A breakout through both a trend line and a horizontal level simultaneously provides a stronger signal than a break of either in isolation. Identifying these areas of confluence can significantly improve the reliability of trading decisions and help define key entry and exit points.
Like 0
Django9330
Trader
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category

Platform

Exhibition

Agent

Recruitment

EA

Industry

Market

Index
Trend lines and horizontal support and resistance
#CurrencyPairPrediction
Trend lines and horizontal support and resistance levels are fundamental concepts that often intersect and reinforce each other. An uptrend line, connecting a series of higher lows, can act as dynamic support, while a downtrend line, connecting lower highs, can function as dynamic resistance. When a trend line coincides with a significant horizontal support or resistance level, the area becomes a high-probability zone for price reversals or breakouts. A breakout through both a trend line and a horizontal level simultaneously provides a stronger signal than a break of either in isolation. Identifying these areas of confluence can significantly improve the reliability of trading decisions and help define key entry and exit points.
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.