$RLC breaks through the 1.1 level.
Let's use this figure to break down round-number levels.
Common criteria for judging whether a breakout is valid include: the close is on the other side of the level, a retest holds, and trading volume picks up during the breakout.
Many people use these levels as anchors for position management: which side to take a position on and where to set a stop-loss is more practical than guessing whether prices will rise or fall.
Reading indicators isn't difficult; the hard part is sticking to your plan when the market is at its most extreme.
#RLC
Just my personal opinion—please consider it rationally.
Let's use this figure to break down round-number levels.
Common criteria for judging whether a breakout is valid include: the close is on the other side of the level, a retest holds, and trading volume picks up during the breakout.
Many people use these levels as anchors for position management: which side to take a position on and where to set a stop-loss is more practical than guessing whether prices will rise or fall.
Reading indicators isn't difficult; the hard part is sticking to your plan when the market is at its most extreme.
#RLC
Just my personal opinion—please consider it rationally.