FOREX THEORY
Identifying Retracements Part 2
In an uptrend, traders will look
at the lower support points (S1, S2, S3) and wait for it to break. In a
downtrend, forex traders will look at the higher resistance points (R1, R2, R3)
and wait for it to break.
If broken, a reversal could be in
the making! For more information or another refresher, check out the Pivot
Points Lesson!
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