Learn forex trading based on a proven, tested and simple forex system. Support and resistance levels are used by investors to determine how far they believe a currency pair will move. This also tells them at what points the price action may turn around and start moving in the opposite direction.
But sometimes, there is a fundamental shift in the markets. The markets are strong enough to cause a currency pair to break through a previously established support and resistance. When a previous support and resistance level is broken, new levels are established by the markets. Plus, the broken levels may still have some influence on the markets in the future.
Sometimes there are attempted breakouts. This is also known as False Breakouts. It will become obvious to you that prices do Read more: