Area of interest approach
Buying a forex pair when approaching a level of support is a common trading strategy used by many forex traders. Support levels are areas on a price chart where the price of a currency pair has historically found buying interest and reversed its downward movement.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.