sizabici wrote: Wed Jun 28, 2023 1:29 pm
2023.06.28 04.15 ON EURGBP AT M15
The concept of change in polarity is based on the assumption that market participants who were previously buying at a support level would now become sellers when that level turns into resistance. Similarly, those who were previously selling at a resistance level would now turn into buyers when it becomes a support level. This change in market sentiment can lead to significant price movements as traders react to the new dynamics.
Traders often pay close attention to these changes in polarity as they can provide valuable insights into potential entry or exit points for their trades. By identifying and analyzing these key levels, traders can adjust their strategies and make more informed decisions about when to enter or exit positions in the forex market.
CHA-CHING exclamation
/tʃə ˈtʃɪŋ/
/tʃə ˈtʃɪŋ/
(North American English)
(also ka-ching British and North American English, British English also ker-ching)
(informal)
used to say that somebody is getting a lot of money
The money was rolling in, cha-ching, cha-ching!
Cha-ching! My blog is worth $70 000.