Are you swing trader? Here is strong SR to prepare buy - sell XAUUSD, EURGBP, USDCHF, EURUSD, GBPUSD this week

Are you swing trader? Here is strong SR to prepare buy - sell XAUUSD, EURGBP, USDCHF, EURUSD, GBPUSD this week

16 January 2020, 14:19
Yohana Parmi
16
305

Dear traders.
Greetings.

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 :


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 :)

SR Strategy
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

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