$BTW breaks through the 1.9 level.
Let’s break this number down.
Previous highs and lows are common reference points: the memory of having failed to rise further or having found support here last time can influence decisions when the price returns to this level.
When a price returns to a level after a long time, people who entered around that area before may exit at breakeven or add to their positions, often making trading more active.
Don’t chase a trade during the fastest move. Wait for the candlestick to close and settle before taking another look.
Let’s break this number down.
Previous highs and lows are common reference points: the memory of having failed to rise further or having found support here last time can influence decisions when the price returns to this level.
When a price returns to a level after a long time, people who entered around that area before may exit at breakeven or add to their positions, often making trading more active.
Don’t chase a trade during the fastest move. Wait for the candlestick to close and settle before taking another look.