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Thread: Why does previous support become resistance and vice versa?

  1. #231
    Senior Member modu01 is an unknown quantity at this point modu01's Avatar
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    I think the support and resistance is a reflection of the strength of the sellers and buyers
    where they are clashing power to control prices

    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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    Banned go10 is an unknown quantity at this point go10's Avatar
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    Quote Originally Posted by arjun View Post
    to my knowledge it is happening because of the habit of traders,
    but that makes me confused, currency prices are not only influenced by traders..

    may be more appropriate if it is because the habits of the market.
    could be because however many parties who have an interest in the forex sector include large investors and governments to maintain their currency exchange rate

    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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    Senior Member ZohaibAli1984 is an unknown quantity at this point ZohaibAli1984's Avatar
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    Some time previous support become resistance and some time previous resistance become support for trading. Because when we bear a resistance we try to find a way to eliminate it and when we find the ways some time it become support and vice versa.

    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.


  4. #228
    Senior Member mr forex is an unknown quantity at this point mr forex's Avatar
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    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.

    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.


  5. #227
    Senior Member sammy is on a distinguished road sammy's Avatar
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    it is simple. the support and resistance are seen by lots of traders and stop loss levels or take profit levels. once it is breached, the traders entiments changes and a support gets turned into a resistance.

    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.


  6. #226
    Senior Member cuonghpftu is an unknown quantity at this point cuonghpftu's Avatar
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    Quote Originally Posted by ganguly View Post
    This is very basic theory of forex trading..
    If any currency pair crosses any particular support or resistance, then it will automatically become its opposite..
    For example, support value will become resistance value and resistance value will become support value
    right candlesticks are good to derive sentiments of the buyers. it gives us a picture of the tussle between the bulls and the bears. and market sentiment is factor which cant be ignore while we open our positions.

    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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    Junior Member nadeem33aslam is an unknown quantity at this point nadeem33aslam's Avatar
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    yeh to basic knowledge hai main apki bat se mukammal taur pur ittefaq kurti hun that market sentiments aalways matter on your analysis
    Dont waste the time support and resistance

    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.


  8. #224
    Senior Member weaddads is an unknown quantity at this point weaddads's Avatar
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    se you are take the right decision to open trade strategy. this is the fore most trading system and so easy. i use the support and the resistance for my trade. and so that a trader have to be rich for use it. so don't worry and try tu make profit.

    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.


  9. #223
    Member hunter boy is an unknown quantity at this point hunter boy's Avatar
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    Good and informative post. I love it. I will make sure I apply them in my daily trading plan. as well I encourage every beginner to apply them in their forex trading business day and day .I am very grateful for the wonderful post. very very thanks.

    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.


  10. #222
    Senior Member dadi is an unknown quantity at this point dadi's Avatar
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    Try to understand the movement, don't waste the time support and resistance. Use zigzag indicator to analyze in seconds. Support and resistance is not the hard term, and there is no restrictions that we should have to use support and resistance.

    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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