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3.1 Support and resistance lines explained

Support and resistance are two of the most important trading areas in Forex. Whilst they can be traded as Forex trading strategies by themselves, in this video we discuss and explain what they mean and how they are identified in your charts. By definition, a support line is a horizontal line that reverses the current down-trend in an upward direction. The resistance line is the opposite — it reverses the current up-trend into a downward direction. You also need to learn about the change of polarity rule so watch the full video for an in-depth explanation.

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