Technician
Education

Technical Analysis Basics: Support & Resistance #forex

FX:CADCHF   Canadian Dollar/Swiss Franc
This is a clear illustration for how support and resistance change roles when a breakout occurs. This is not a rule that most happen, but it usually does.

Starting point at the latest higher low of the previous bullish trend .(It was a typo on chart, its higher low not higher high)

When a breakout below support materializes, the level usually reverses its role to resistance.


My best regards
Technician
Subscribe to my trading portal http://thefxchannel.com
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
Good one . Thanks for Sharing this information
Reply
Thanks,very useful Tips.
Reply
This is just for education.
+1 Reply
thanks for you share . very good . although have no cadchf in my platform
Reply
Thanks for the lesson Technician...:)
Reply
Thanks for sharing, very useful.
Reply
adding some chart as well thanks by the way for showing nice pair to trade :)
Reply
You are welcome. Not intended for trades, just a simple tutorial.
Reply
clear short on you chart mate you see that big red candle enguilfing and now 2 daily smaller body candles coming back to enguilfing body
this is premium setup to short specially at this level
Reply
mustard mantasg
You sound very confident so I assume you have traded short?

Consolidation throughout June and no clear direction for me as yet.

Please tell me how you have traded this pair in terms of risk/reward.

Thank you.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out