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