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1- Double top is when the price reaches resistance level for two times. Strong resistance indicates that price is hard to be penetrated so the price will keep moving down.
Uptrend Downtrend
2- Double bottom is when the price reaches support level for two times. Strong support shows that the price cannot continue moving downwards so the price will start moving up.
Head & Shoulder functioned as a pattern for us to look for selling positions. We will sell when we see the first formation of Shoulder and Head. So the sell positions will be on the 2nd Shoulder
SUPPORT is a place where we find opportunity to enter BUY positions because support is the place where there are strong demands to buy a currency. This will causes the price stops from going down.
RESISTANCE is a place where wfind oppurtunity to enter SELL positions because resistance is the place where there are strong supplies to sell a currency. This causes the price stops from going above.
SNR concept is basic price action technical analysis
Forex trader will look for buying positions at support or somewhere near there that has potential for the price to go up
Forex trader will look for selling positions at resistance or somewhere near there that has potential for the price to go down