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The trading and investing signals are provided for education purposes and if you use them with real money, you do so at your own risk.
No two technical traders are the same. To identify trading opportunities they may look at a variety of tools and indicators. Some study price action or candlesticks, others plot indicators on the chart or use oscillators. Despite their different approaches there’s one thing they all agree on, and that is the need to correctly identify horizontal support and resistance levels.
In the coaching below, professional trader Andrew Jeken will take you through the theory of horizontal support and resistance, how they are described in textbooks and shows you how he applies them to trade price bounces and retests. Watch the recording and learn how to spot supply and demand areas on the chart and how to draw horizontal levels correctly.
By mastering his technique you will obtain a very powerful trading tool that you can apply on any market and any time frame.
Tradimo helps people to actively take control of their financial future by teaching them how to trade, invest and manage their personal finance.
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Risk warning: Trading in financial instruments carries a high level of risk to your capital with the possibility of losing more than your initial investment. Trading in financial instruments may not be suitable for all investors, and is only intended for people over 18. Please ensure that you are fully aware of the risks involved and, if necessary, seek independent financial advice. The educational content on Tradimo is presented for educational purposes only and does not constitute financial advice.
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