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.
Support and Resistance is important for anyone who is trading. If you’re still a newbie in trading, making use of Support and Resistance is going to be helpful to you in lots of ways. I have seen some analysts who make use of resistance and support to show people when they should sell and when they should buy. If you’re a new trader you can make use of the support level to know when you’re going to buy, or if you’re being short you can take profit at the support level, and take profit at resistance when you’re being long.