Take a chart of an asset's price action and mark on the price highs and the price lows. Now join the highs in a line connecting all the points, and similarly join the low points. You've just marked on the resistance and support levels. Easy! These points...
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Take a chart of an asset's price action and mark on the price highs and the price lows. Now join the highs in a line connecting all the points, and similarly join the low points. You've just marked on the resistance and support levels. Easy! These points are useful indicators of a change in direction and in essence create the boundaries for the range in which the asset is trading. Binary options traders can follow the range and trend lines, to judge the best point to enter a trade and so to optimize your chance of winning. Carry on reading to find out how you can profit!
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