Today I've tried to place a trade in a non-trending market using support and resistance levels. I've defined 3 levels of support and 3 levels of resistance. Using the 4h chart I located the highs and lows and came back to the 1h chart to place the trade.
Using a particular methodology, I placed my entry point slightly above R2 and the stop loss slightly below R1.
Let's see how this one goes.
Using a particular methodology, I placed my entry point slightly above R2 and the stop loss slightly below R1.
Let's see how this one goes.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.