What's your favourite setup of all time?
Every trader has the setup that just fits: the one that appears often enough, behaves predictably and matches their temperament. Sharing it means describing it precisely enough for others to try.
Post yours:
- the setup's exact conditions
- the entry, stop and target
- what makes it your favourite
The support and resistance guide is the shared vocabulary for most favourites.
Background: Support and resistance: how traders mark price levels
Support and resistance are the most widely used ideas in chart reading. How to find levels, why they work as zones, and what happens when they break.
What is support and resistance in forex?
Support is a price area where falling prices have tended to stop, and resistance is an area where rising prices have tended to stall, often because many orders cluster there.
What happens when support breaks?
The price often falls further, and the old support level frequently acts as resistance if the price comes back up to it.
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