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Forex question What is breakout system in forex?
avatar Mymelody
Question by: Samanthar - 09 Jul 2014, 05:32:27
What is breakout system in forex?
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Answers (1)
avatar user 4283
Answer by: Jeremy - 15 Jan 2015, 03:44:10

A price movement through an identified level of support or resistance, which is usually followed by heavy volume and increased volatility. Traders will buy the underlying asset when the price breaks above a level of resistance and sell when it breaks below support.

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