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Our ebook explains how you can use trendlines to spot psychologically important price levels and predict which way prices will move in the near future.
Learn how you can design an effective trading plan around support and resistance levels, enter the market when a new trend starts to develop and plan an exit strategy when the trend is about to end.
Trendlines tend to act as support, which could present a buying opportunity. Conversely, downtrend lines tend to act as resistance and potentially present a selling opportunity. Support and resistance levels, when used in conjunction with a sensible risk management plan, can go a long way in helping you to strengthen your trading plan.
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Disclaimer: Trading in financial products carries risk. Trading in leveraged Over-The-Counter (OTC) Derivative products (including Contracts for Difference (CFDs) and spot foreign exchange contracts) involves a significant risk of loss which can exceed deposits and may not be suitable for all investors. OTC Derivative products / CFDs are complex financial instruments that do not confer any claim or right to the underlying financial instrument. Transactions in these instruments are very risky, and you should trade only with the capital you can afford to lose. Before deciding to trade on these products, you should consider your investment objectives, risk tolerance and your level of experience. Accordingly, you should ensure that you understand the risks involved and seek independent advice from professionals, if necessary.
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