SUPPORT & RESISTANCE MISTAKES

SUPPORT & RESISTANCE MISTAKES :

SUPPORT & RESISTANCE MISTAKES THAT SCREW YOUR CHARTS UP

I know there are many traders out there who are very frustrated with the task of marking out support and resistance levels on their Forex charts.

Being able to draw your technical analysis on your chart properly is a critical skill you need to master –it’s vital that you don’t mess up your support and resistance levels, because it could poisonthe rest of your trading.

Because there are so many data points on a price chart, there are a lot of different methods, and ways to approach to finding support and resistance levels on a price chart.

My method is to keep things very simple, logical and maintain the maximum amount of clarity possible on the chart–this is very important because I see too many traders getting lost in their ownanalysis.

In this article,I am going to talk about some common mistakes that Forex traders are making when they try to mark out support and resistance levels on their chart, which end up screwing up their trading.

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