So how do you know if the support and resistance levels really break? - Forex Trading - CryptoTalk.Org Jump to content
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So how do you know if the support and resistance levels really break?

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There is no right answer to this question.
However, some say that if the price is close to the previous level, then it can be understood that support and resistance breaks.
But that is not always the case.

See the chart below. The price has gone down a lot since 1.4700. But later it has risen again.

 

But the support didn’t actually break. It is still unchanged and much stronger. Now if you close your trade and sell the cell trade, you would probably be losers.

If you practice regularly, you can easily determine support and resistance.

Get alot of tutorial about technical analysis from here.

You can learn from us by joining here.

chart2.jpg

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Down side of the market is the support and that is break but this is not a real break it is called fake break and thats why market will go up again to up and the support level and now again the market will go up and touch the resistance level and then we wait for the break and check the real break in D1.


 

 

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Thanks for sharing  valid source for  learning.It will help newbies who are looking for learning.Market analysis need full chart analysis in it we have to consider all previous movements of currency.


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Thanks for this lesson. Indeed, I think a lot should be learned about this because whales deliberately manipulate candles and make traders foolishly close above the resistance, then the price falls again.

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Our analysis can be wrong, and can also be granted by the market, when prices first come to the area of support and resistance or supply and demand, it is likely that prices will be held or sideway, but if areas such as support and resistance and supply and demand have been repeatedly  in the test, I'm not sure that the area will survive

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17 hours ago, iloveyobit said:

Thanks for this lesson. Indeed, I think a lot should be learned about this because whales deliberately manipulate candles and make traders foolishly close above the resistance, then the price falls again.

Almost market will do this to make fool the client because so many newbie will make a trade on it and they think that they analyse the market is very well but they put the trade and market will make a reverse and again they are in loss and market is in the profit.


 

 

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3 minutes ago, khan22 said:

Almost market will do this to make fool the client because so many newbie will make a trade on it and they think that they analyse the market is very well but they put the trade and market will make a reverse and again they are in loss and market is in the profit.

Yes, most of them lose because they believe that the price will run away and the opportunity will be missed, but they are surprised by the market reversal and the price goes down again, and this leads to a loss.

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13 hours ago, iloveyobit said:

Yes, most of them lose because they believe that the price will run away and the opportunity will be missed, but they are surprised by the market reversal and the price goes down again, and this leads to a loss.

It is true, if support and resistance are good places to release entry points in trading, but support and resistance are just a price area which for some traders consider support and resistance to be intrinsically broken

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 That's right, sometimes I feel that. Like a trap just to fool us.  Not negotiating, but every company certainly wants to be profitable so as to determine the level and resistance I think more. This is true, if it is good we study it through the market with our own research so we know which analysis is correct.

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9 hours ago, Kusumo234 said:

It is true, if support and resistance are good places to release entry points in trading, but support and resistance are just a price area which for some traders consider support and resistance to be intrinsically broken

Yes, there are those who earn a lot from profits only through professional support and resistance, but whales are playing on that matter and now they manipulat the price.

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23 hours ago, iloveyobit said:

Yes, most of them lose because they believe that the price will run away and the opportunity will be missed, but they are surprised by the market reversal and the price goes down again, and this leads to a loss.

Yes, exactly this will do because if the market will give the profit to the peoples than what market will earn on that time market will do this trick and make a fake breakout and then it will touch his normal position, so don,t be believe on the market if the falls breakout will happen.


 

 

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29 minutes ago, khan22 said:

Yes, exactly this will do because if the market will give the profit to the peoples than what market will earn on that time market will do this trick and make a fake breakout and then it will touch his normal position, so don,t be believe on the market if the falls breakout will happen.

Yes, during my deliberation and my experience, I learned a lot of lessons, one of which is that there is no drop without a rise and there is no rise without a drop. If you apply this rule, you will make profit.

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12 hours ago, iloveyobit said:

Yes, during my deliberation and my experience, I learned a lot of lessons, one of which is that there is no drop without a rise and there is no rise without a drop. If you apply this rule, you will make profit.

You are right, that when prices go up there will be corrections, and so when they go down, there will be corrections too, because support and resistance, supply and demand are not holly grail that can certainly hold prices, it is important for us to know the characteristics of the strength of support and resistance  that, based on fresh or not fresh area

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16 hours ago, Kusumo234 said:

You are right, that when prices go up there will be corrections, and so when they go down, there will be corrections too, because support and resistance, supply and demand are not holly grail that can certainly hold prices, it is important for us to know the characteristics of the strength of support and resistance  that, based on fresh or not fresh area

Yes, this is just one of the secrets of trading in digital currencies, and there are still many strategies that every trader in the market must know and learn.

 

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it will help newbies who are looking for learning. market analysis need full chart analysis in it we have to consider all previous movements of currency. 

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6 hours ago, iloveyobit said:

Yes, this is just one of the secrets of trading in digital currencies, and there are still many strategies that every trader in the market must know and learn.

 

You are right, we must always learn, especially learning from previous experiences, and I initially thought that this breakout of support and resistance must be accompanied by a perfect closing of the body candle, but it was not like that

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9 minutes ago, Shuvro33 said:

Our analysis may be wrong, and may be provided by the market, when prices first come in support and resistance or supply and demand areas, it will probably be price-holding or sideways, but if i check the support and resistance and supply and demand areas repeatedly Not sure the area will survive.

I understand what you mean, if an area has been tested repeatedly, then it is certain that the area is no longer valid to hold prices, because large orders have been taken, and when prices come back it is impossible that area will be able to withstand attacks  buyer or seller

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On 1/16/2020 at 10:20 PM, Syedbesharat said:

Thanks for sharing  valid source for  learning.It will help newbies who are looking for learning.Market analysis need full chart analysis in it we have to consider all previous movements of currency.

Mate if you are new in the forex market than you need to learn it because this is so much important for you to learn the trading and also you must to need to learn the trading support and resistance in the forex market.


 

 

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Crypto currency and especially bitcoin is such a volatile thing to predict I am unsure that we can accurately predict the support and resistance level. It seems every time I am listening to someone predicting that bitcoin will break though the mentioned resistance level the opposite happens and vice versa with the support level. I try to just use common sense and my own judgement when predicting things and sometimes that of course back fires, like yesterday when bitcoin suddenly dropped 400$ in a matter of seconds or minutes at most. Maybe one day I will choose to listen as well but that day has not yet come 🙂 

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مرحباً
مستويات الدعم والمقاومة تنهار حقاً
. وقت الأخبار العنيفة هو أسعار الفائدة أو الانتخابات والأخبار الاقتصادية

حظا سعيدا لك


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So if the levels of support and resistance are truly broken, how can that be a medium?  It will be known through.

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There is no 100% correct answer. The market is a lot of hoaxes .. Yes, you can expect 90% to happen. On this chart, for me, I will wait for the support to be hit again, if I retest it and then continue to fall, I will enter with it. But this was a hoax break only as there was one big sale that led to it

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15 hours ago, Kusumo234 said:

You are right, we must always learn, especially learning from previous experiences, and I initially thought that this breakout of support and resistance must be accompanied by a perfect closing of the body candle, but it was not like that

Yes, in fact, nothing comes with luck, especially trading. It is not gambling. There are people who pay a lot of money in order to learn to trade. This is enough for you....

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11 hours ago, iloveyobit said:

Yes, in fact, nothing comes with luck, especially trading. It is not gambling. There are people who pay a lot of money in order to learn to trade. This is enough for you....

Luck does not come for many times, nor does trading expect luck is gambling, by knowing the basics of trading, we can minimize the risks that might occur, support and resistance are just areas, and not a signal to release entries buy or sell

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On 1/21/2020 at 7:44 AM, Kusumo234 said:

Luck does not come for many times, nor does trading expect luck is gambling, by knowing the basics of trading, we can minimize the risks that might occur, support and resistance are just areas, and not a signal to release entries buy or sell

Supports and resistors are a name in the name, meaning that whales support the price from that support, or that there are selling walls that resist the price in that region. This is simply everything.

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