It is very safe to trade with support resistance but when we learn to trade we forget it after learning it or we are not interested in using it. But the use of support and resistance is very important in trading. Many of us run after strategy and forget or ignore the use of support resistance. The market always respects support and resistance or breaks out and moves in an up or downtrend.
I urge new trades to learn to draw support resistance with great care and observe the market to see the results for yourself.
Whose trader would be the one to forget support and resistances? since this would be the main or primary tool that would be used once you do some charting.For experienced ones you can even
imaginably able to draw out these lines with just staring up those candles but this would base of on how long you've been dealing with technicals thats why some traders wont really necessarily plot out
these lines but they are already being plotted and already being presumed out. These indicators are one of the most important and a common one because you can make analysis whether you do exit
or you do enter into the market.