What's the market structure story this week?
Structure — higher highs, lower lows, ranges, breaks — tells you what the market is doing before any indicator does. This thread collects the structural reads.
Share:
- the pair and the structure you see
- what the structure implies next
- the level that confirms or denies it
The trend lines guide and support and resistance guide supply the vocabulary.
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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