Giving It Up
When a technical level succumbs to a hard-fought battle.
Related terms
Level
A price zone or particular price that is significant from a technical standpoint or based on reported orders or option interest.
Read full definitionDefend a Level
Action taken by a trader or group of traders to prevent a product from trading at a certain price or price zone, usually because they hold a vested interest in doing so.
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Aggressive
A description of traders and/or price action acting with conviction.
Read full definitionArbitrage
The simultaneous buying and selling of the same currency in different markets to profit from small price differences. The strategy exploits temporary inefficiencies in FX markets.
Read full definitionAt Best
An instruction given to a dealer to buy or sell at the best rate that can be obtained at a specific time.
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An instruction given to a dealer to buy or sell at a specific price or better.
Read full definitionBroker
A third party coordinating the sale of financial securities between sellers and buyers. Exchanges only accept orders from their members, so traders and investors use brokers as intermediaries; brokers are compensated through commissions, fees or payment from the exchange.
Read full definitionBulls
Traders who expect prices to rise and who may be holding long positions.
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