This a one of the basics in forex, when the trend crosses the support that will automatically become his resistance and vice versa and generally traders always works with support and resistance because after their break there will be strong bullish or bearish.
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in my opinion this happens because of the habits of the traders, but that makes me confused, currency prices not only influenced by the traders.this could be because however many parties who have an interest in the forex sector include large investors and government to maintain their currency exchange rate.
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Trying to realize your daily mobility, never waste materials that period aid and then protection. Control zigzag indicator to be able to assess fast. Support as well as strength is not your daily difficult term, as well as presently there is zero rules whom we would have got to manage help and even strength.
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I anticipate although a lot of of the time it appear but ancient aswell not appear and if anniversary time it appear again abiding forex become simple but in absoluteness its not appear all the time like if new account if there is Actual abundant added than anticipation than never all time bill go our apprehension .
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I believe there is and always will be, then it really is not secure, easier to exchange, but as long as most of the time, but this comes at a time when expectations of more money, although he actually never much whether our expectations, new reports this time, every time happens.
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This is called technical analysis, and after the resistance is broken support and also support after breaking it is resistant to the price and I prefer trading on the resistors and subsidies in a good way to stop a small loss
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may app ki baat say totally agree karta hun hum pichle support ko break karah sakta hain aur app ko trend dekh kar enter karna chiya is samaya par zayda samay ye aisa hi kam karta hai....Originally Posted by pivot-trader
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yes i think if they market break the previous resistance or the support it show the market may be more up or the down below the above an the first point
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when we say support it means when the trend is bearish it will find some ground in that point.and maybe will pull back .or it may break it.and resistant is the opposite side of it.most of the trader think the same way.if the trend have to go any side it has to break support or resistant line to go up or down.or it will stay in that range.that is why we can place a buy top above resistant and sell stop below support line.so it means once it has been broken we can join to the new trend.
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that is a history and we know that the history repeat itself. that is the reason why the support and resistance repeat itself. there is no secret on that . it is all about history
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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