They can be drawn in different ways and different places. These levels are quite subjective just like everything about technical analysis. It’s not long but covers the biggest part of questions on the topic. In other words, it is the zone of the general interest.īefore reading the article and writing your questions in the comments section, I recommend to watch this video. It is of no surprise since the traders believe that if the support or resistance area is strong enough, you should set near the Stop Loss and the Limit orders (used on the Forex market) near them. The key support and resistance levels are the technical analysis tools, which many traders use as the basis of making decisions.
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