{"id":347,"date":"2024-08-13T00:59:06","date_gmt":"2024-08-13T00:59:06","guid":{"rendered":"https:\/\/www.mytradingland.com\/uni\/?p=347"},"modified":"2025-01-05T11:29:04","modified_gmt":"2025-01-05T11:29:04","slug":"what-is-support-resistance-in-forex-trading","status":"publish","type":"post","link":"https:\/\/www.mytradingland.com\/uni\/what-is-support-resistance-in-forex-trading\/","title":{"rendered":"What is Support &#038; Resistance in Forex Trading?"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Support And Resistance\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/Xs9qOxID0G0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>What is Resistance in Forex?<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/support-resistance.png\" alt=\"technical analysus support resistance\" \/><\/p>\n<p>Resistance is a highpoint on a chart where upward trends are subdued &#038; they reverse course to a downward direction.<\/p>\n<p>A resistance level acts like an invisible ceiling and upward price movements have trouble breaking through it. <\/p>\n<p>With your resistance level found, the chances are high that the next time an upward trend hits that level, it is going to change into a downward trend. <\/p>\n<p>However, if an upward trend gathers enough momentum to break through the resistance ceiling, chances are that the trend is going to sustain its upward momentum for a while. <\/p>\n<h2>What is Support in Forex?<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/support-line-forex.png\" alt=\"support line forex\" \/><\/p>\n<p>Support is like an invisible floor on a chart &#038; when a downward trend hits a support level, it reverses course into an upward trend. <\/p>\n<p>When you draw your support level, the chances are that next time a downward trend hits it, it will turn into an upward trend. <\/p>\n<p>However, if the downward trend is strong enough to overcome the support floor &#038; break through it, the chances of the trend continuing in its downward momentum is high.<\/p>\n<h2>Which Tool Do I Use To Mark Support &#038; Resistance Lines in Forex?<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/support-resistance-drawing-tool.png\" alt=\"support and resistance\" \/><\/p>\n<p>The Horizontal Line Tool is used for drawing support &#038; resistance lines on a forex chart.<\/p>\n<p>When you detect a support\/resistance level on a chart, you should mark it by drawing a horizontal line and this can be easily done using the horizontal line drawing tool.<\/p>\n<p>To draw a support\/resistance line, click on the \u201cDraw Horizontal Line\u201d tool, then click on the target point; &#038; the line will appear. <\/p>\n<p>To delete a support or resistance line, right click on the line &#038; then click on delete. <\/p>\n<p>The horizontal line drawing tool can be found in your toolbar and should not be confused with the trend line tool which is meant for trend line drawing.<\/p>\n<p>When you draw support &#038; resistance lines using the horizontal line drawing tool, the line can be seen in any timeframe. <\/p>\n<p>So, if you drew the line on a 1-hour timeframe, you could switch to a 5-minute timeframe &#038; the line will still be visible.<\/p>\n<p>Drawing a support\/resistance line correctly is important because the line shows you the price associated with the support or resistance. <\/p>\n<p>Using that price, you can open a pending order to be automatically executed in advance when price touches the support\/resistance line.<\/p>\n<h2>Support\/Resistance Lines Could be Breached Slightly<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/support-zone.png\" alt=\"zones of support &#038; resistance\" \/><\/p>\n<p>Sometimes price could test your support\/resistance line and exceed it by some inches, before it loses momentum and reverses course in the opposite direction. <\/p>\n<p>So, you may want to wait to be sure that the breakout is authentic before you execute a trade.<\/p>\n<p>To give room for this error, you should treat the area around support\/resistance lines as a \u201czone of support\/resistance\u201d. <\/p>\n<p>If price reverses around the zone, then it is still valid.<\/p>\n<h2><strong>Some Support\/Resistance Levels Are More Credible Than Others<\/strong><\/h2>\n<p>The more price has tested a support\/resistance level in the past without breaching it, the more credible it is. <\/p>\n<p>You need to check the chart to see how many times the support\/resistance has been tested as this will tell you if you should rely on it or not. <\/p>\n<p>To check the creditability of a support\/resistance line on a chart, <strong>switch to a higher timeframe<\/strong>. Any support\/resistance line your discover on a higher timeframe is more credible than those on lower timeframes.<\/p>\n<h2><strong>Support Can Become Resistance &#038; Resistance Can Become Support<\/strong><\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/www.mytradingland.com\/uni\/wp-content\/uploads\/2024\/08\/support-zone.png\" alt=\"support &#038; resistance\" \/><\/p>\n<p>If a downward trend breaks through a support line, &#038; then tries unsuccessfully to reverse into an upward trend, then the support line has automatically become a resistance line.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is Resistance in Forex? Resistance is a highpoint on a chart where upward trends are subdued &#038; they reverse course to a downward direction. A resistance level acts like an invisible ceiling and upward price movements have trouble breaking through it. With your resistance level found, the chances are high that the next time [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-347","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Support &amp; Resistance in Forex Trading? - MTL Uni<\/title>\n<meta name=\"description\" content=\"Support &amp; resistance are areas of value on a chart where price seems to change direction. 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