Understanding Support and Resistance Levels in MT4: A Comprehensive Guide In the world of forex trading, understanding support and resistance levels is crucial for making informed trading decisions. These levels act as key psychological barriers that can help traders predict potential price movements. In this comprehensive guide, we will delve into the concept of support and resistance levels in MT4, a popular trading platform used by forex traders worldwide. What are Support and Resistance Levels? Support and resistance levels are price levels at which the market tends to halt and reverse its direction. Support levels represent a price level at which a currency pair tends to find buying interest, preventing it from falling further. On the other hand, resistance levels represent a price level at which a currency pair tends to find selling interest, preventing it from rising further. Why are Support and Resistance Levels Important? Support and resistance levels… read more
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