In order to find more accurate support and resistance, we should start with the medium and long-term trend chart (sky chart, weekly chart and monthly chart).

(1) Find the transaction intensive area, that is, the consolidation interval. This range is the place where buyers and sellers have the most transactions and the biggest differences between long and short sides. Market liquidity is inversely proportional to the difficulty of market operation and value judgment. The easier and denser the transaction, the higher the market liquidity, and the more difficult it is to judge the value. On the contrary, the harder and rarer the transaction, the lower the market liquidity and the easier the value judgment. Once it breaks through (falls below) the trading intensive area, short (long) stop loss+new (new)+old (old) overweight buying (selling) will accelerate the exchange rate. In the subsequent callback (rebound), this price is a very strong support level (resistance level). The importance of support level (resistance level) is directly proportional to the length of time after breaking through the price and the distance of the price.

(2) Find the head or bottom of the early stage. The head (bottom) in the early stage of the market is the resistance level (support level) of this round of rebound (callback). The importance of resistance level (support level) is directly proportional to the time and price level required for this round of rebound (callback).

(3) Find the symmetry relationship. The market did not encounter any obstacles (support) in the early stage of rising (falling), and conversely, it will certainly not encounter support (support) when falling (rising). And how many days did the exchange rate run in the previous rising (falling) process and how many days will it run in the falling (rising) process.

(4) Seek the golden section. Fibonacci series (1, 1, 2, 3, 5, 8, 13, 2 1, 34, 55, 89, 144, etc. ) is the basis of wave theory, and the golden section (0.382, 0.384) is the basis of wave theory. Choose the high and low points of a trend to do the golden section, and the support level (resistance level) is near the golden section (the accuracy of the golden section in the futures market is higher than that in the foreign exchange market).

(B) trading skills

(1) On-line (off-line) short (buy) in a transaction-intensive area, stop loss (break below) chase up (sell).

(2) Throw (buy) at the head (bottom) in the early stage, break (break below) the stop loss, and chase after buying (selling).

(3) Calculate the golden section price of the upward (downward) trend, and buy (sell) at 0.5 and 0.6 18 during callback (rebound).

(4) Buying (selling) above (below) the integer price.

In short, it is difficult to explain clearly in one or two sentences how to find the support level and resistance level, as well as the trading skills during operation, mainly by absorbing and summing up experience from the long-term trading process and cultivating the market feeling.