$BTW ｜Breaking the 1.7 level
Before looking at fund flows, first understand the key price levels.
Support is an area where the price has stopped falling several times in the past. Resistance is an area the price has repeatedly struggled to rise above.
The first rebound after a breakdown is often seen as a test: if the price is pushed back down below the level, the idea that support has turned into resistance is more convincing.
Reading indicators isn’t hard. The hard part is sticking to the rules when the market is at its most volatile.
Before looking at fund flows, first understand the key price levels.
Support is an area where the price has stopped falling several times in the past. Resistance is an area the price has repeatedly struggled to rise above.
The first rebound after a breakdown is often seen as a test: if the price is pushed back down below the level, the idea that support has turned into resistance is more convincing.
Reading indicators isn’t hard. The hard part is sticking to the rules when the market is at its most volatile.