Strategy
FX Technical trade levels - 15 September 2020
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Published on 2020-09-15
Support and resistance are key concepts that help traders understand, analyse and act on chart patterns in the financial markets. Support describes a price level where a downtrend pauses due to demand for an asset increasing, while resistance refers to a level where an uptrend reverses as a sell-off happens. FX Technical trade levels allow forex traders to better understand where to enter and exit trades, reduce their risk exposure and benefit from a favourable risk to reward ratio.