Hello respected traders.
I trade for a whole year, of course, if one can call it trade, the more likely I float at its sole discretion so as not going nearly as plus.
I trade using technical analysis and try to use the support and resistance levels i.e. when I see that currency hit my strong support i.e. about 3 spikes at minimum, I would go long, and appropriately when hit my resistance level, I go short. Then try to take corresponding maximum profit.
BUT the trouble is that these support and resistance levels do not always work, and very often currency pairs that I open position do not touch them, but instead punched them and go further though. Even if there were 3 peak already, and this is a very strong support (support), and it break them and my loss is growing exponentially.
I really think that THEY specifically cheat with me and do not give me money.
Please see this on my chart (figure)
Can someone tell me and explain about the levels of resistance and support.
Thank you.