Counter trend trading
This is the type of trading during the sideways market (aka range trading).
As shown in the chart, there is a clear consolidation level in both support (bottom) and resistance (top) levels. This type of trading is highly risky, as market manipulations can create many false tops and bottoms before finding a certain direction (trend).
However, as you see, there is a broader uptrend could be observed. Thus, keeping in mind never putting more than 2% of our total margin/balance, we will enter the market with a good risk/reward ratio.
As shown in the chart, there is a clear consolidation level in both support (bottom) and resistance (top) levels. This type of trading is highly risky, as market manipulations can create many false tops and bottoms before finding a certain direction (trend).
However, as you see, there is a broader uptrend could be observed. Thus, keeping in mind never putting more than 2% of our total margin/balance, we will enter the market with a good risk/reward ratio.
Trade closed: target reached
Hit T/P
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