It’s your turn, again. This task will require you to use your broker’s charting package to carry out the exercise
Goal: To be able to identify support and resistance at round numbers.
Exercise: Open a chart of any highly liquid instrument, that’s probably indices or major fx pairs. Set the chart to at least a daily time frame and look back to see if you can identify any significant round numbers where support and resistance has developed in the past.
Difficulty: 1/3
Time to complete: 15 minutes
Solution….don’t press play until you’ve done your bit:
