would be very nice if we had memaham area of support resistance. in this area, we can know when to enter and exit the market. can we make this area a place to start trading positions. support resistance is very good for us to be able to determine the extent of the market price would be her translucent.
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Its how it works in the forex market whenever a currency or some commodity breaks a level whether it is resistance or support it will be converted into opposite means if it was support level after breaking it will become resistance level.
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When a support is broken it is done so by selling huge quanitty to big buyers sitting at support level and so prices move further down, now those traders who had position at higher level want to exit so they sit to sell previous support that turns it to resistance.
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Movement to try to understand, and do not waste your time, do not support the opposition. Use a zig-zag in the index scan. Support and resistance, and a difficult word is not there any restrictions that will be used to support and durability.
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It is actually theory that previous resistance becomes support after break of that resistance. Traders following the technicals are always trade you that here is strong resistance and support. The meaning of strong is that if that will break that strong resistance then it will be strong support as we are now above that resistance line.
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Support and resistance is not the hard term, and there is no restrictions that we should have to use support and resistance but lots of traders are watching the support and resistance level closely thats why they tend to hold most of the time and break occasionally.
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It is the tendency of the traders to look at that levels and try to take position if the break of the resistance or the support occurs then that may becomes support or resistance respectively. So always track that levels so that you will get good profits from your trades.
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i trade Forex for several year and i love it so much, when i trade Forex, i use the fundamental and the technical too. my advise is you should trading demo first and then you can trade real account, money management and risk management is very important.
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.
When after lot of efforts market breaks a resistance traders sentiments become bullish and they start buying near that level as they expect market will not go below that level. So a resistance once broken become support for future.
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.
Unregistered (1)
bha jan muaj to es ka bara main kuch nahi pata ha ka ya resistance and vice versa ka hota ha muja nahi pata ha k ya ka hota ha es laya main trading karta hoon ro boht achi or best trading karta hon muja trading karna boht he acha or best lagta ha .Originally Posted by pivot-trader
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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