How traders use resistance
Resistance can be a place to take profit on a buy, to look for sell entries, or to place a stop loss above a short position. A decisive break above resistance can turn it into support.
Forex glossary
What Is Resistance in Forex Trading?
Definition
A price area where rising prices have repeatedly stalled and turned lower, because sellers tended to appear there.
Updated
SaveRelated terms
- Support
- A price area where falling prices have repeatedly stopped and turned higher, because buyers tended to step in there.