[Forex]: the Price-Levels

Setting the price-levels is the way in which traders find the limits of a possible oscillation of the currencies.

It’s made at the beginning of any trade that doesn’t follow a scalping strategy (it’s a hit&run strategy based on quick and very riskious profits made on the use of industry news, it’s mostly practiced in stocks market).

The PL often are recurrent, when the “price” hits more times a price level and comes back we call resistance and support the price level hit downward and upward, the more times it’s hit the more it’s a important level for investors.

 

forex_rs
forex_rs
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