Forex strategy · Beginner
Support & Resistance
Use areas where price previously reacted as a framework for entries, exits and invalidation.
Risk first. Forex, CFDs, copy trading, signals and automated strategies can all lose money. Performance claims and backtests do not guarantee future results. Verify the legal entity, product availability and rules that apply in your country before funding an account.
Typical timeframe15M to Weekly
Market focusBroadly applicable
When the strategy tends to make sense
When levels are treated as zones and combined with context rather than assumed to be exact turning points.
When it tends to fail
Drawing too many levels or assuming every previous reaction must hold again.
Testing checklist
- Start from higher timeframes.
- Prioritise repeated and recent reactions.
- Treat levels as zones rather than single prices.
- Wait for an entry trigger or defined limit-order rule.
- Remove levels that are no longer relevant.
Key risk
A level is a reference point, not a guarantee. Repeated tests can weaken rather than strengthen it.