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This means that their rates are slightly higher and more expensive than those who are part of the interbank market. Support And Resistance Structures What happens at a resistance level? Also, one cool thing about forex trading is that you can do it anywhere. Understanding that they may not act according to your expectation hammers home that these levels, regardless of how many times price was rejected, are only potentially support and resistance zones and will only be confirmed if price rejects once again. Composed of the largest banks in the world and some smaller banks, the participants of this market trade directly options virtual trade each other or electronically through the Electronic Brokering Services EBS or the Reuters Dealing. There is only one entity, one specialist that controls prices. Some traders will use previous swings while others will want to see a zone where price has moved away from more than once. This pattern given the context of what has occurred may signal to some traders that the bears are unable to regain the zone as you can see clearly the upper shadows shows short interest but the lows holding the topside of resistance.
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How to Understand the Market Structure

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Market structure and foreign trade - PDF Free Download

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Foreign Exchange Market and its Structure in India

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Up and Downtrend: Defining the Price Direction

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Support and Resistance: Spotting Key Decision Zones

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