IC Markets
Support and Resistance
2:25 · 8 chapters · Forex basics, part 7
What you'll learn
Support and resistance, simply: find the trend, draw zones not lines, watch round numbers, and use stops on breakouts.
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- Key point 1
- Start with the trend: higher highs and higher lows
- Key point 2
- Support: where buyers stepped in; resistance: where sellers did
- Key point 3
- Draw zones, not thin lines
- Key point 4
- Round numbers are levels to watch, not guarantees
- Key point 5
- Breakout and retest: old resistance can become support
Rules and limits from regulators and official sources; every price, account and chart in the video is an example. Education, not financial advice.
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