FOREX THEORY
Resistance Levels
Resistance levels are just like support levels but work in
the opposite way. They tend to halt or even reverse uptrends.
Resistance levels are areas in which selling pressure is
just enough to overcome buying pressure and force price back down.
Strong resistance levels are more like to hold up even if
price breaks the resistance level and it provides traders a good selling
opportunity.
In the next section, we will dive deeper into fakeouts and
discuss why we should trade them and how to profit off them.
It’s not enough learning about breakout strategies because
there will be times that breakouts fail. We have to know what to do in case of
fakeouts.
This is part of your Jedi forex training. To be a Jedi
master, you must be able to master fakeouts.
Are you up for it?
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