MoneyTec.com Traders Community Forum - View Single Post - what to do if exchange rate approach the levels

kelo · 31-08-2004, 04:16

what to do if the exchange rate approach the
support level = buy or sell
or resistance level = sell or buy!

Or does it depends what the trend of the day is...
for example forecast for next 24 hrs is a down trend, exchange rate reach the resistance level go short, and vica versa when forecast is up trend and exchange rate reach the resistance level go long.....

I read in former discusions and lessons some opposite opinions about this,

I like to get some input about this issue

tkz

31-08-2004, 04:16	#1 (permalink)
kelo level 1 Join Date: Aug 2004 Posts: 7 Rep Power: 0	what to do if exchange rate approach the levels what to do if the exchange rate approach the support level = buy or sell or resistance level = sell or buy! Or does it depends what the trend of the day is... for example forecast for next 24 hrs is a down trend, exchange rate reach the resistance level go short, and vica versa when forecast is up trend and exchange rate reach the resistance level go long..... I read in former discusions and lessons some opposite opinions about this, I like to get some input about this issue tkz