heco08
Education

Example of a Support and Resistance lines.

FX:EURNZD   Euro / New Zealand Dollar
I want to show with this example how the price in a lateral movement oscillate in ranges between supports and resistances lines.
The target is the following, if the price bounces on a resistance, make a short until it reaches the support level .
If it bounces on a support, make a long until it reaches the resistance.
If the price breaks a resistance, make a long until the next resistance level .
If it breaks a support, make a short until the next support level .

Sometimes a price level can behave as support and as resistance, this indicates that it is a strong level.
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