trade2make£
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HI,
well still a bit of a 'novice' and basically just draw up trend lines, support & resistance on charts each day t get a feel for the market - and found some interesting things such as when the resistance gets broken it then became the support for the next trading range: here is a good example
however in the example the price broke through the resistance and did some unusual activity - can anyone provide an explanation as to why this happened?
thanks in advance
p.s. please ignore the current trade it was a mistake a made yesterday as im not actually entering yet just observing, also please let me know if there are any fundamental errors in with my support and resistance - the ma's are a bit random but seem to identify trends well, but mainly asking about the resistance
well still a bit of a 'novice' and basically just draw up trend lines, support & resistance on charts each day t get a feel for the market - and found some interesting things such as when the resistance gets broken it then became the support for the next trading range: here is a good example
however in the example the price broke through the resistance and did some unusual activity - can anyone provide an explanation as to why this happened?
thanks in advance
p.s. please ignore the current trade it was a mistake a made yesterday as im not actually entering yet just observing, also please let me know if there are any fundamental errors in with my support and resistance - the ma's are a bit random but seem to identify trends well, but mainly asking about the resistance
