GBPJPY- If you continue to hit a wall what happens?
Exactly as the title suggests. Now a lot of 'traders' and people who want your money to sign up with their broker so they earn money off sending you some rubbish. You may earn some profits off their signals but ultimately they make money when you lose money so just think about that before signing up to someone.
Now back to my title. A lot of traders will tell you, hitting the trendline only strengthens it. Now I do not believe that, If you go to a wall and continue to hit it what's going to happen? It'll break. So this whole story of it'll get stronger is rubbish. Time and time again more than likely after the 3rd touch of the TL you will probably see a break. In the instance this doesn't happen no problem you accept the loss and move on. I'd say 85% of the time you will see a break though which is the edge we have on the market.
So looking at our chart this is what we can expect.
If you need help or want to ask any questions, drop me a message let's see if we can give you hand :)
Now back to my title. A lot of traders will tell you, hitting the trendline only strengthens it. Now I do not believe that, If you go to a wall and continue to hit it what's going to happen? It'll break. So this whole story of it'll get stronger is rubbish. Time and time again more than likely after the 3rd touch of the TL you will probably see a break. In the instance this doesn't happen no problem you accept the loss and move on. I'd say 85% of the time you will see a break though which is the edge we have on the market.
So looking at our chart this is what we can expect.
If you need help or want to ask any questions, drop me a message let's see if we can give you hand :)