Welcome, Guest

Login Register
Forex question What is the definition of a false breakout?
avatar Catkathy
Question by: Joseph - 02 Aug 2016, 08:08:59
What is the definition of a false breakout?
<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
Answers (1)
avatar user 10297
Answer by: Samanthar - 02 Aug 2016, 08:12:58

The concept of a false break is really misleading. When a price breaks a support or resistance line, it has either tried to or may have closed above or below it, but then returned to the previous range. So a false break is really one that is short lived.

&lt;a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK"&gt;InstaForex&lt;/a&gt;
Answer the question
Submit Cancel