How did your levels hold this week?
The follow-up thread: levels posted in advance get reviewed against what actually happened. The discipline of the review is the point — prediction, then accounting.
Share:
- the level you posted and what price did
- whether your expectation played out
- what the outcome taught you about the level
The support and resistance guide explains the behaviours.
Background: Support and resistance: how traders mark price levels
Support and resistance are the most widely used ideas in chart reading. How to find levels, why they work as zones, and what happens when they break.
What is support and resistance in forex?
Support is a price area where falling prices have tended to stop, and resistance is an area where rising prices have tended to stall, often because many orders cluster there.
What happens when support breaks?
The price often falls further, and the old support level frequently acts as resistance if the price comes back up to it.
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