Market Structure with Support Resistance - #Basics #LL #LH
Hello Traders!
I got a new education post for you. This is one of the first basics in the forex market. It is very important for you to understand.
Why do we need to analyze the Structure?
We do that in order to determine the trend. It is more easy to trade with the trend and not against it. Simply because you can catch more pips with one move. This is very good if you are Swing Trading but it is also great if you day trade it.
Market Structure:
The market creates Lower Lows (LL) and Lower Highs (LH). Also you can use Support Resistance for that. As you can see on the chart, it fits perfectly. Support became Resistance after breaking it and also there we mostly have then a LH in a Down Trend.
I hope you could learn something. It is one of the basics. And if you are more advanced trader, I hope that you are reminded through this post at one of basics
Thank you and we will see next time
- Darius.
I got a new education post for you. This is one of the first basics in the forex market. It is very important for you to understand.
Why do we need to analyze the Structure?
We do that in order to determine the trend. It is more easy to trade with the trend and not against it. Simply because you can catch more pips with one move. This is very good if you are Swing Trading but it is also great if you day trade it.
Market Structure:
The market creates Lower Lows (LL) and Lower Highs (LH). Also you can use Support Resistance for that. As you can see on the chart, it fits perfectly. Support became Resistance after breaking it and also there we mostly have then a LH in a Down Trend.
I hope you could learn something. It is one of the basics. And if you are more advanced trader, I hope that you are reminded through this post at one of basics
Thank you and we will see next time
- Darius.
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linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
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