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
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
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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.
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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.
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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.
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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.
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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
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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
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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.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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