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For Question #1 Read:What is Support and Resistance? In a bull market, a support level is an area that price has difficulty breaking through to the downside.
For Question #2 Read:Trend Lines In their most basic form, an uptrend line is drawn along the bottom of easily identifiable support areas (valleys).
For Question #3 Read: It is said that you are trading the break when you're trading price level that has breached support and resistance levels.
For Question #4 Read:Trend Lines Price Channel is created when you draw a parallel line at the same angle of an uptrend or downtrend.
For Question #5 Read:Support and Resistance Levels When the forex market moves up and then pulls back, the highest point reached before it pulled back is now resistance.
For Question #6 Read: As the market continues up again, the lowest point reached before it started back is now support
For Question #7 Read:Trend Lines It takes at least two tops or bottoms to draw a valid trend line but it takes THREE to confirm a trend line.
For Question #8 Read:Trend Lines DO NOT EVER draw trend lines by forcing them to fit the market. If they do not fit right, then that trend line isn’t a valid one!
For Question #9 Read:Trend Channels A descending channel is characterized by lower highs and lower lows.
For Question #10 Read:Trend Channels Generally, the bottom of a channel is considered to be a buy zone.
For Question #11 Read:How to Trade Support and Resistance Instead of entering right on the break, you wait for the price to make a “pullback” to the broken support or resistance level and enter after the price bounces.
For Question #12 Read:How to Trade Support and Resistance A bounce is when the price does not push through the support and resistance. In this case, the price does not have sufficient momentum to break, and the price then “respects” the zone.
For Question #13 Read:How to Trade Support and Resistance When a support or resistance level breaks, the strength of the follow-through move depends on how strongly the broken support or resistance had been holding.
For Question #14 Read:Trend Channels An ascending channel is characterized by higher highs and lows.
For Question #15 Read:Trend Channels To create a sideways (horizontal) channel, simply draw a parallel line at a zero or flat angle.