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Technical Traders.

Most forex traders use charts to decide when to enter and exit trades, and technical traders pay attention to price patterns. By looking at charts and weighing price, volume, volatility, and timing, it is possible to find patterns that indicate opportunities. For example, if the price of a currency repeatedly reaches a given value but does not rise above or fall below it, the currency is said to have found a resistance or support level. Many traders will keep an eye on past patterns and have an opinion on how far the price will move if it does break the support or resistance level.

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