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Message: [QUOTE="Resolve, post: 237247, member: 29339"] [B][SIZE=5]How to Trade on Support and Resistance Reversals[/SIZE][/B] [img]https://i.imgur.com/K5QDPr5.jpeg[/img] Trading in the financial markets can be a complex endeavour, but it may become more manageable when traders have a solid grasp of support and resistance levels. Recognising support and resistance reversals is a crucial skill that may enhance one's trading performance. In this FXOpen article, we will learn the types of support and resistance and consider some trading strategies based on market reversals. [B][SIZE=5]Recognising Support and Resistance Reversals[/SIZE][/B] It’s unlikely you will need to ask, “What are support and resistance lines?” Still, let’s refresh your memory. A support line is a level at which an asset's price tends to find buying interest, preventing it from falling further. In other words, it's where demand for the asset is strong enough to counteract selling pressure. Traders often identify support as a potential point when going long or a take-profit target when selling. It can be formed at various price points on a chart and can be horizontal and diagonal (trendlines). [B][URL="https://fxopen.com/blog/en/how-to-trade-on-support-and-resistance-reversals/?utm_source=earnforexforum&utm_medium=article&utm_campaign=resolve"]TO VIEW THE FULL ARTICLE, VISIT THE FXOPEN BLOG[/URL][/B] [I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. [B]RISK WARNING:[/B] Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.[/I] [/QUOTE]

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