Question - Forex Forexqna Chart

What is the process to draw horizontal line for support/resistance?

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1 Answer
Eufemia Pastrano
Answered 4 months ago
<p id="isPasted">Support and resistance levels are very important for traders. because they are price points where the market tends to stop going up or down, or reverse direction. As a result, they can be used as triggers for entering trades in either direction.</p><p>In order to draw support and resistance levels on your chart using the&nbsp;MT4 or MT5 trading platform. You can follow this simple process.</p><p><strong>1. Open a price chart</strong></p><p>The first step is to identify the instrument you want to analyze. Generally speaking the higher time frames provide a better perspective for drawing support and resistance levels.</p><p><strong>2. Find …</strong></p>
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