确定支撑位和阻力位 (Determining Support & Resistance)
While we are trading forex, the most crucial things should be known are support & resistance. These are trader's map to make proper decision by seeing boundaries of price movement. Whether overbought or oversold.
Although there are various ways to determine support & resistance pointers. But here is my simple way using Bollinger Bands.
I am going to use real case on this example by directing on daily analysis for today (September, 15. 2015) with GBPUSD.
These are supports & resistances for today on GBPUSD. Once hit the line, it will continue at least halfway. Or if hit the line but reverse and hit the opposite line without making significant movement, then it will go back as a trend.
GBPUSD, SUPPORT & RESISTANCE, DAILY (SEPTEMBER, 15.2015).
Although there are various ways to determine support & resistance pointers. But here is my simple way using Bollinger Bands.
I am going to use real case on this example by directing on daily analysis for today (September, 15. 2015) with GBPUSD.
These are supports & resistances for today on GBPUSD. Once hit the line, it will continue at least halfway. Or if hit the line but reverse and hit the opposite line without making significant movement, then it will go back as a trend.
GBPUSD, SUPPORT & RESISTANCE, DAILY (SEPTEMBER, 15.2015).
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