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Understanding Forex Market Structure by Sonwabo Mgciyo is a document available to read on EtoBox.
What is Understanding Forex Market Structure about?
Market structure refers to whether a market is trending bullishly or bearishly over time. A bullish market structure is characterized by higher highs and higher lows, where resistance levels become new support. A bearish structure features lower highs and lower lows, where support levels turn into new resistance. Identifying the overall market structure on higher timeframes like monthly and weekly charts is important for determining which direction trades should be taken to follow the trend. Examples of bul
- Author
- Sonwabo Mgciyo
- Language
- EN