Trading Strategy
Support and Resistance
Trading the edges of a range, buying near support and selling near resistance.
beginner
any
Entry rules
- 1 Price reaches a level tested at least twice
- 2 A rejection candle forms at the level
- 3 RSI agrees with the direction
Exit rules
- 1 Opposite side of the range
- 2 Stop just beyond the level
- 3 Exit if the level breaks on volume