This is one of the most widely used in the forex industry.


Lecture:


Summary of the lecture:

  • Two touches creates the support and resistance zone
  • Three touches creates a strong one
  • Whole numbers are support and resistance zones also
    • for example: 1.2500
    • Use the sweetspot indicator to identify the whole numbers

Resources for this lecture:

SweetSpots MT4 Indicator


The infographic used in this lecture:


The next lecture is on:  Candlesticks

 

Categories: Lecture

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