Support and Resistance are not levels

 Support and Resistance are not levels

Support and resistance are two widely used terms in forex trading. They are called levels. They are not levels, they are level breakers. Level is a price where a currency pair is in consolidation. This is the price where buyers and sellers are happy to buy and sell. Support is the price where buyers are so happy to buy that their buying power breaks the above level of price and even breaks the previous resistance that has sent the price to the support. These level breakers are  created by the willingness of buyers and sellers.

Its mechanism can be defined as when the price goes so down that where buyers are interested to buy and sellers are not willing to sell. So buying increases and selling decreases. That mechanism breaks the resistance above. Same way a resistance is created by willing ness of both the buyers and sellers. It is a price where sellers are interested in selling they consider it a good price, while the buyers has little interest to buy at that high price. So selling power increase that even breaks the previous support .