CUSTOM JAVASCRIPT / HTML
How can you trade support and resistance levels?
Here is a simple support and resistance trading strategy you can use to take your trading to the next level.
It is an easy and profitable strategy if you trade it correctly.
To become a successful trader, it is important that you understand these basic principles on how to trade support and resistance levels and levels.
CUSTOM JAVASCRIPT / HTML
Supply and demand are the cause of these support and resistance levels and though they are easy to spot, using this simple trading strategy or building your trading plan around these levels will give you the best trading strategy you can have.
You can use the techniques in this strategy to improve the edge in your current strategy or find a way to use that fits your trading style.
Remember that levels are not exact and a good way to look at them like zones.
When you set your stop loss, you will not place it just below to level but rather adjust the position size down and place a bigger stop loss.
CUSTOM JAVASCRIPT / HTML
- You want to look for recent highs and lows.
- Draw horizontal lines at these zones.
- Zones above price will act as resistance and zones below price will act as support.
- Trade in the direction of the trend.
- When resistance levels break (uptrend, new highs are formed), you want to enter on the first test of support zone.
- When support levels break (downtrend, new lows are formed), you want to enter on the first test of resistance zone.
CUSTOM JAVASCRIPT / HTML
Do You Want My
FREE Forex Strategy?
I'm a family guy in my late 20's who learned how to trade the markets in a simple yet effective way. During university I studied investing and graduated with a master's degree in risk management. Quickly, I realized that I was onto something. I started helping friends and taking students. My students started getting results, spent less time in front of their screens, and their accounts grew consistently. Learn more about me here.
The Most Important
Training, Tools & Resources
Based On Your Interest You Might Also Like...
SSL Secure Connection