Are you swing trader?
- When entering the market:
-- We must be able to imagine that the price can rise to the peak of actual Resistance,
-- and price can also fall into actual Support area.
- Swing Trader
-- As example if EURGBP will suddenly fall this week,
-- the trade planner will make plans like this,
-- that is preparing an untested actual support (means: price does not reaches it yet) for buy-back EURGBP.
The question, how if EURGBP rise up?
-- The trade planner will also prepare a resistance to catch price jump on resistance as sell area :
- Sideways area
-- good for short-term trader, even scalper can do it there :)
- XAUUSD (Gold)
Strong SR that is important in creating a trade plan for reversal technique this week :
In this way, swing traders are still able to carry out activities normally,
-- to work in the office or outside the home, and do not need to face for hours at the computer.
That's why, pending orders such as buy-limit and sell-limit are available in trading software :)
Support and Resistance at https://www.mql5.com/en/blogs/tags/resistance
-- In fact, market is always working on the actual supply (resistance), demand (support) and Market Sentiment).
-- Market plays on price reversals and breakouts, like we walk on the stairs.
-- before entering the market, we must understand that.
-- Article at https://www.mql5.com/en/users/yohana/blog
Welcome 2020 with a better way in trading.
we wish you all the best