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Tag: support resistance

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Forex Ebook : Using Candlesticks for Support-Resistance

In this ebook John H Forman explains how candlestick charting can be used for a typically Western technical analysis strategy. This is actually intended for stock and commodity trading but I think the principle could be applied on forex trading.
Observation is the best friend of the technical analyst. By watching the markets, John noticed something [...]

Pipholic Metatrader Support and Resistance Indicator

This is custom metatrader4 (mt4) indicator. This mt4 indicator draws support and resistance lines based on technique I wrote on this support and resistance article. You can use it on your preferred timeframe and currency pairs.
A friend of me built this custom forex indicator for me few month ago. Before you use it, you better [...]

Forex Support and Resistance Level

Support and Resistance is a trading concept which interprete whether the market is currently in doubt and probably will have a direction change. A price level, at which this market situation occur, is called as Support or Resistance level. We expect or predict that on this level market will change its direction.
Traders have [...]



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