Resistance

Hidden support and resistance is virtually unknown to a majority of traders. Yet this phenomenon is responsible for many of the big trends and corrections that we see play out in markets over the longer time periods.

In renko charts, price movements are reduced to a few simple patterns and that makes them effective at locating trends, reversals, supports and resistances.

Crossing support and resistance lines meet at so called convergences or confluent areas. Is there anything significant about these areas?

The first step in trend trading is spotting key support and resistances. This post looks at trend trading with support, resistance and confluence lines.

There are three common price actions that happen at support and resistance. These are 1) price testing, 2) fake outs, and 3) breakouts.

Range trading is a simply yet powerful trading technique in forex. It complements a number of other strategies such as trend following and breakout trading but many use it successfully on its own.