$W breaks through the 0.017 level.
Let’s break this number down.
The more often a price level is tested, the more significant it tends to become in traders’ eyes. But some believe repeated tests can also weaken the support there.
Breaking through a level only means one side has the upper hand for now. How much further the price can go depends on where the next levels lie and whether trading volume can keep up.
Calculating your position size based on where you place your stop-loss is far more reliable than placing trades on a whim.
Markets involve risk. Trade with caution.
Let’s break this number down.
The more often a price level is tested, the more significant it tends to become in traders’ eyes. But some believe repeated tests can also weaken the support there.
Breaking through a level only means one side has the upper hand for now. How much further the price can go depends on where the next levels lie and whether trading volume can keep up.
Calculating your position size based on where you place your stop-loss is far more reliable than placing trades on a whim.
Markets involve risk. Trade with caution.