Power Course Instructor’s Response:
Good observation...
Yes...you can have two levels and even more depending on the chart. Given the horizontal nature of the closest level of support to price action (S 1), I would draw the support line as represented on the chart below. The next level of support would be designated as S 2 and the nearest level of resistance would be R 1.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

