At What Point is Resistance(or Support) Broken?
Hi all,
Say if resistance for a currency pair is X.1000. At what point would you say that resistance is broken? Is it a percentage or an actual value or one or the other combined with a time frame, ie a couple of hours? How do you determine this value? If the pair traded up to X.1025 for an hour would you say that resistance is broken at that point? Thanks again.
ddave
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