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Resistance is a price level at which a currency pair, stock, or other
financial instrument tends to stop rising and may even reverse
downward.It represents an area where selling pressure becomes
strong enough to overpower buying pressure, preventing the price
from moving higher.
Example of Resistance in 4-Hour Time Frame.
Traders often use Support and resistance levels to make informed
decisions about entering or exit trades. These levels can act as
psychological markers where Market participants are likely to
make trading decisions & influencing the overall price action.
