Strategy 1 For Forex Beginners

 Strategy 1 Support and Resistance in Time Frame H1

In this strategy we use time frame H1, and check graph's support and resistance level to analyze trend of Forex Market. In the following screen shot I, tried to make it clear for new traders. 

In above picture there are 4 red lines with numbers 1,2,3,4. Number 1 line shows the Major resistance of gold market in H1 time frame. Whenever number 2 line shows the major support in gold market in time frame H1.  

Now we see that when market breaks the major support number 2, then it goes to a new support number 4. 

Here it clears that when market breaks the major support number , crosses number 3 and goes to number 4 a new support and then tries to go up to number 2 red line which was major support. Here it make this support a new resistance same like number 1 red line resistance. 

It means that now the above line number 1 resistance has been changed with number 2 major support.

Now the major support number 2 line will be called a new resistance, now market can turn down from this new resistance towards a new support, which can be anyone in downside.

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