The terms buyers and bulls are interchangeable. If you want to see what I am currently watching check out my weekly analysis on.
This tells us that sellers are not strong enough to turn price around completely. The foundation of my Forex trading strategy is reading and understanding the story of price. But what they learn is usually useless. Indicator based strategies work well in specific market conditions. I wish I could give you a straightforward answer to this question. However, it's worth noting these three things: Support and resistance levels do not present ironclad rules, they are simply a common consequence of the natural behaviour of market participants. The market state that best suits this type of strategy is stable and volatile. This is also known as technical analysis.
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