$OP breaks through the 0.14 level.
A beginner’s million-dollar question: where do key price levels come from?
Previous highs and lows are the most commonly used key levels. The memory of price being turned back or finding support at those levels can influence buying and selling when it returns.
Round-number levels are just ordinary numbers to the market, but they feel like a big deal to us.
All indicators only describe what has already happened in the market; price can absolutely move in the opposite direction.
A beginner’s million-dollar question: where do key price levels come from?
Previous highs and lows are the most commonly used key levels. The memory of price being turned back or finding support at those levels can influence buying and selling when it returns.
Round-number levels are just ordinary numbers to the market, but they feel like a big deal to us.
All indicators only describe what has already happened in the market; price can absolutely move in the opposite direction.