To know this in Forex is very important. For me resistance is like an area not a line or not in the specific price. The area for me is about 15-20 point. but for me this area is one of my clue to enter the trade.
which is there abattle . The war between The seller and the buyer. The most important indicator for this things is Volume. But unfortunately in the Metatrader platform we can not know the real volume of the trade. the only one know the realo volume trade is the man which is in the real trade floor.
How can we prepare for this situation. :
1. Beware of always spike- price model
2. and the same as gapping price.
3. always be careful for the stop-hunter action from your broker.
4. and if you make a position always watch out about your internet connection or your electricity. it is good if you prepare UPS for non interruptibility of your electricity.
for my own experience I always use big stop lost which i can afford. ex. 50 or 80 points.
oke watch and find this for your entry.
find the area. note the 0 or 5 number stop lost around number 4 or 8.
sese you again in the profitable trade.
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