Are there any universal support and resistance levels in the forex market? - page 15
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By the way, can anyone tell me what a level is physically, e.g. resistance?
Trade on the exchange for 2-3 days, look at the real price stack, and see what the levels are and how they are formed.
Trade on the exchange for 2-3 days, look at the real glass, and see what the levels are and how they are formed.
is this the answer?
so the resistance level in forex is the stock market glass or what?
Levels are the horizon, you can see it, but you can never reach it
and zero is a support level for price, e.g. for oil, right?
and zero is a support level for price, e.g. for oil, right?
There was less that year.
Bummer, there was no support level.
ha, why?
i.e. the trend went below zero.
so what's trending, by the way?
Bummer, there was no support level.
ha, why?
i.e. the trend went below zero.
so what's trending, by the way?
is that the answer?
So the resistance level in forex is the stock market?
Here you are guided by the data from Oanda, at which prices the maximum number of orders stands, based on this you make your decision.
But Oanda is a drop in the ocean by turnovers, this is an internal value.
On another service, for example on CME, you can also see the Depth of Market, where and what is worth.
It is clear that if there is a large volume, it is unlikely to be redeemed/inflated and the price will pass it - that is the level.
If we have some growth/decline, but it is too far to the levels, i.e. fat orders are far away, the movement is more likely to continue than to stop.
Actually, the best way to detect them in forex is the historical delays/reversals of the price. They are exactly where the price is lingering.
Also, before the holidays, orders are removed - the volume decreases, it is easy to break this level, it is not difficult to redeem the remaining volumes, if someone needs it.
It may be a situation that actually happens on the stock exchange that there is a volume in front, and after a minute it dissipates, someone has withdrawn orders. But we have already entered the market waiting for the reversal "about to happen". And the price does not reverse - there is no level ahead.
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That's it in a nutshell
Volodya knows when the 9th wave hits on Friday.
well, what did people do near zero and what did they want to do below zero?
they couldn't (the poor guys sued the stock exchange), the price reversed
the support level automatically appeared below zero
but if you could .....
so it's a waste of time to try to get something done in a crowd
here, without the glass, about the trend and the level.