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How To Draw Accurate Support And Resistance Zones
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[QUOTE="FXOchartist, post: 311972, member: 90221"] There is no exact to define support and resistance price, by means support and resistance are the level price where the price movement is faced like a barrier to continuing the trend. I prefer to draw support and resistance with zone support and resistance than the price itself. There are so many ways to draw support and resistance, like using a pivot point calculator, using the upper band and lower band lines as dynamic support resistance, or drawing trendline manually. However, learning support and resistance zone is important to help us make planned trading, because on these zones we can place stop loss or order price to manage the risk in single plan trading. Trading in FXOpen account, besides using support and resistance,I also combine price action and candlestick patterns. [/QUOTE]
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How To Draw Accurate Support And Resistance Zones
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