Support-Resistance Level

[RainbowRain]

Support and resistance levels are not only horizontal, but also inclined, when the price can very often move in inclined channels, bouncing off their upper and lower boundaries. Also, inclined lines can be strong levels along which the price can go along the trend and bounce off them after rollbacks in the direction of the formed trend.

 

[sunar14]

Support and resistance levels are not only horizontal, but also inclined, when the price can very often move in inclined channels, bouncing off their upper and lower boundaries. Also, inclined lines can be strong levels along which the price can go along the trend and bounce off them after rollbacks in the direction of the formed trend.

Never used S/R lines with HFM which are not horizontal for me their definition is quite vague and not many market participants pay attention to them

 

[bruho]

Definitely, no trader should overlook Support and Resistance levels they’re like the backbone of technical analysis in Forex. Even if you're not big on chart patterns, these levels help you figure out where the price might bounce or reverse, which makes planning trades way easier. I’ve noticed that the more experienced traders always mark these zones before entering a trade, kind of like setting a game plan. When I was starting out, I used HFM’s platform because their charts are super easy to read and they actually help highlight these key levels. It's a good place to learn how it all ties together without getting too overwhelmed.

 

[RainbowRain]

Never used S/R lines with HFM which are not horizontal for me their definition is quite vague and not many market participants pay attention to them

A large number of competent traders trade on the trend, so they often use inclined trend lines to determine the general direction and look at the price reaction to such levels during rollbacks. Breakouts of such lines on higher timeframes often indicate a change in the trend direction, helping to close your positions in time and look for entries in the opposite direction.

 

[Ricky Rk]

Support-Resistance levels are crucial in technical trading and must not be ignored. Many traders use these levels alongside chart patterns to plan entries and exits, helping them prepare for market movements and manage risk effectively before taking positions.

 

[RainbowRain]

Another important feature of these levels is their ability to change their role. During a strong trend, if the price breaks a resistance level and consolidates above it, that level often becomes a new support level. Similarly, a broken support level can turn into a resistance level.