When price break the support and resistance with volume and next candle close above the support it confirms the breakout. Buy above the closing of that candle.
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When price break the support and resistance with volume and next candle close above the support it confirms the breakout. Buy above the closing of that candle.
Which time frame should I use to apply this strategy? Support and resistance level are the most powerful analysis as I know. but I don't know much how to use them. Like you said about the strategy you trend line is in a perfect range very few times we get like this. How we will consider support and resistance in a volatile market.
I am really glad to see this post. Its really a clear strategy for Forex trade. Specially for a beginner. But be careful about this. Before trade on real account obviously practice on Demo Account. Keep going ..
think your for the explanation, trading break out is really good strategy but i think we should wait for confirmation befor to enter else we will be trapped into a false break and that's really bad for out psucology and profit.
The time frame depends on your trading style for intraday you can use 1 hour or 4 hour time frame. However the support and Resistance level analysis can be used in any time frame but I would like to suggest you to use it for higher time frame which will results in better results. And to lower the risk you should use the third one.
Ji haan humein support and resistance level us time frame par nikalna hota hai jismein humein tarde karna hai aur intraday mein hum mostly H4 aur H1 mein hi tarde karte hai agar scalpink ki baat na kare toh kyunki scalping ke liye M15 time frame best hai bhai ji.
hi
my information ....... Video Education is one of the most important learning tools in Forex .. that enable a large advantage in the field
thanks