Quote:
Originally Posted by dolfandave
Hi all,
Say if resistance for a currency pair is X.1000. At what point would you say that resistance is broken?
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Good question dave. If the price goes above X.1000 at candle close I consider that a break. There will be times when price will go up then down on S/R levels. The key to remember is -- you must wait for the current candle to close to confirm the break.