🟢 What Is Support?

Support is a price level where a currency pair tends to stop falling and may bounce back up.

📉 It acts like a “floor” where buyers come in.

​

🔍 What to Look For:

• Repeated price bounces from a low point

• Long wicks rejecting lower prices

• Strong bullish candles forming at the level

🧠 Tip: If support breaks, it can become resistance.

​

🔴 What Is Resistance?

​

Resistance is a price level where price tends to stop rising and may reverse downward.

📈 It acts like a “ceiling” where sellers take control.

​

🔍 What to Look For:

• Price failing to break above the same area

• Rejection wicks at highs

• Bearish engulfing candles or pin bars

🧠 Tip: If resistance breaks, it can become support.

​

📈 How to Draw Support & Resistance Levels

1. Use the line chart or candle closes

2. Mark zones, not exact lines

3. Focus on levels where price reversed multiple times

​

💡 Why It Matters

Support and resistance help you:

• Spot entry and exit zones

• Time breakout or reversal trades

• Place stop losses and take profits accurately

​

🧠 Bonus Concept: Flip Zones

• A broken support becomes future resistance

• A broken resistance becomes new support
  ➡️ These “role reversals” are powerful trade setups

​

✅ Combine With:

• Candlestick patterns for confirmation

• Sniper Pro, EMAs, or Fibs for confluence

• Break of Structure (BOS) or trendline breaks