Canadian Dollar/Swiss FrancEducation
Technical Analysis Basics: Support & Resistance #forex
This is a clear illustration for how support and resistance change roles when a breakout occurs. This is not a rule that most happen, but it usually does.
Starting point at the latest higher low of the previous bullish trend.(It was a typo on chart, its higher low not higher high)
When a breakout below support materializes, the level usually reverses its role to resistance.
My best regards
Technician
Subscribe to my trading portal thefxchannel.com
Starting point at the latest higher low of the previous bullish trend.(It was a typo on chart, its higher low not higher high)
When a breakout below support materializes, the level usually reverses its role to resistance.
My best regards
Technician
Subscribe to my trading portal thefxchannel.com
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