Forex for Beginners Quiz

SUPPORT SERVES AS A CEILING.

• TRUE

• FALSE

Answer explanation

SUPPORT SERVES AS A FLOOR

WHEN DRAWING LEVELS, IT IS IMPERATIVE TO HAVE AS MANY NOTATED AS POSSIBLE.

• TRUE

• FALSE

Answer explanation

YOU WANT TO FIND LEVELS CLOSE TO WHERE PRICE IS AT AND WHERE IT COULD GO

THE MARKET IS CREATING LOWER HIGHS IN THIS PICTURE.

• TRUE

• FALSE

IDENTIFY THE BEARISH BREAK AND RETESTS

IDENTIFY SUPPORT

When the market is creating news highs and lows in an uptrend, that is a TREND.

• TRUE

• FALSE

IDENTIFY THE LOWER HIGHS

THE MARKET IS CREATING HIGHER LOWS & HIGHER HIGHS IN THIS PIC.

• TRUE

• FALSE

IDENTIFY THE HIGHS

A BUY CANDLE CLOSES AT THE BOTTOM OF THE BODY.

• TRUE

• FALSE

Answer explanation

IT CLOSES AT THE TOP OF THE BODY