Support and resistance is very important in technical analysis. In fact, this is the principal of TA. In my opinion, without good understanding of SnR, it is difficult to make profit. There are many types of the SnR and the most of important and basic is horizontal support and resistance. from this this type it produce many variation such as trendline, fibo, pivot etc. moving average is also one of support and resistance that we call it dynamic SnR. Beside, MA also show us the trend. With simple principal and discipline….we could win in trade.
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