Why does previous support become resistance and vice versa?

[Discordance]

because the price will not move always down or always up there must be every moment is a moment where the retracement, and therefore we have to follow the trend of being swept away, and familiarize incoming moment while retrace

[hamza12]

oh yes well.. i am also agree to you that previous support when break it becomes actually resistance many times but not all the time and when resistance break then it may be a support which is good.

[esif]

Why does previous support become resistance and vice versa?

Previous support become resistance when broken and previous resistance become support when broker, this is the rules of the forex technical studies, because it represents a level, if once broken still valid with price action.

[laxman]

I think, if any currency pair crosses any particular support or resistance, then it will automatically become its opposite.
For example, resistance value will become support value and support value will become resistance value.

[gujarati]

Maybe, all traders have knew this statement, I think. Support and resistance are the levels where new traders enter the market in the opposite direction. A support is broken when the expected traders do not enter at that point and vice verse. So do a resistance.

---------- Post added at 01:12 PM ---------- Previous post was at 01:00 PM ----------

Personally, I want to say its depend on you what you choose and in which firm you want trade if you choose someone and you not satisfy than you change you broker choose another and take good experience with this one.

[mark]

Why does when a resistance get broken it becomes a new support ? I see people open trades below and above these levels , which is quite common. But what is the reason?

I dont have any solid explaination or knowledge about it. but in my view sentiment of the traders is a big factor in this case. generally traders tend to believe that when a resistance get broken it becomes a new support or vice versa. And since most of the traders a re believing in it they open or close deals according to it and the market also behaves in the same way most of the time.

[enter]

the market is also changing and changing again depend on the market movement, so i think that the support and the resistance is also changing day by day too and possible that the support being resistance too

[kashifrehman]

we alos know that support and resisitnce are most important for trading
time if any tradr realise it so he can never fall in lose.

Market always did not obey support and resistance many time when some big news release at that time market just through behind the support and resistance levels at that time if we follow to trade with support and resistence we may remain fail in all regards.

[younesjoe]

i think it's a emotion of a market ,in all the time support become a resistance and a contrary it's true , for this we can take a good position and have a profit , it's a good place when we can add a orther

[prem73]

i thank the support and great at matter. it is great at all the best. why does when a resistane get broken it becomes a new support. i see people open takes below and and above thes levels is great.