because of the support and resistent is an important area, so if the area is already at break by price, possibility of switching function was very large. even we can use as a reference to an entry position
usually trader would put a limit order to get the best price when the market returned to the point of support / resistent
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dear for this i have no idea and in last few thread i have come to know only the support and resistance meaning but your question is new for me that when it become previous support resistance so i also want answer of this question
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well dear in forex actually I consider 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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yes, there is no doubt that in forex sometimes the analysis may be wrong and we have to believe ourself and trade by observing the situation and i have seen several times like that so i will trade based on my own decisions
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support and resistance does breaks and become a opposite level and i think you also need to learn to trade this kind of fakeouts and this also gives good amount of pips if they are identified early , both the candlestick and the economic factors helps in detecting this kind of trend very early.
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brother forex ki market support or resestence ko retest krti rahti hy or her rooz new support or resestence banti rehti hain or trade is point per krny sey loss k chance kaam hoty hain .
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of course my dear in forex i believe all the previous support become resistance line because these are the rule of trading and you should get help from that which is support line and which is ressistance line for your trading in this business of the forex trading.
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yaha par hamary pass jou main cheeze hai support hoti hai agar waha sai market up ho tou resistance par touch ho ge ise tarah support resistance banti jati hai is leyay bilkul theak kaha hai ap ny ise par trade bhi hum kar sakty hain is mai itna mushkil nahe hai bas hamary concentrate ki zrurat hoti hao...
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Bhai ye to khair main nahi janta hoon, ki pichla support resistance mein kyun badal jata hai, aur resistance support mein kyun bas ye jaan lena hota hai ki ye level par humare ko kafi jayda dheyan dena hota hai bhai.
Sabka Malik Ek
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ku k trading me usey torna kafi mushkil hota ha and market bht bar usey reject bhi karti ha jiski waja se hum aise samajte hen and ye waqai trading me hota bhi ha so mere khyal se ye normal baat ha isme pareshan hone wali koi baat nai ha
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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