time blocks is to pick the most active currency pairs (those with the most price action). Many traders view this as a potentially important change in market sentiment. But first, we need to define some rules for support and resistance areas. Its simply about reading price and making smart trading decisions.
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The example shown is for EUR/USD a longer term breakout on the daily charts. In a bearish preceding trend it indicates that sellers are losing control and buyers may be gaining control. other Forex Trading Strategies, these strategies may also serve you well as a part-time forex trader: Take fewer positions and hold for days. Good traders dont randomly place entry orders and hope that they get lucky. Traders double top forex can analyze up bars (a bar that has a higher high or higher low than the previous bar) and look at down bars (a bar with a lower high or lower low than the previous). Why does this happen though?