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3 Best Entry Points For Swing Trading (Forex, Gold) What is the best entry point for swing trading? You will learn 3 safest places/zones to buy or sell the market from, best swing trading time frame, and the most accurate swing trading setups. Best Entry 1 Swing Trading After a Confirmed Trend Reversal It can be a bearish trend violation and a start of a new bullish trend. Look at a price action on WTI Crude Oil on a daily. The market violated a bearish trend and started to trade in a new bullish trend, confirming the reversal. In such a case, your best entry will be the closest daily support. Alternatively, it can be a bullish trend violation and an initiation of a new bearish trend. USDCAD was in an uptrend, steadily growing within a parallel channel. Its violation confirmed the change of sentiment and start of a downtrend. In this situation, your safest entries will be from the closest daily resistance. Best Entry 2 Swing Trading with the Trend After Pullback In a bullish trend, you should wait for a completion of a bullish movement, wait for a pullback swing buy the market after it completes. AUDCAD is in a rising trend. A pullback tends to complete on a key support. That will be your zone for buying. Otherwise, in a bearish trend, you should let the price: finish a bearish impulse start a correctional movement sell the market after the correction ends. USDCHF was in downturn and updated the low. A local bullish movement started then. It usually completes after a test of a key resistance. That will be the area where you should look for swing selling. Best Entry 3 Swing Trading After Key Level Breakout Bearish violation of a key daily support is a perfect signal to sell. It is an important sign of strength of the sellers and a strong indication that the price will continue falling. NZDUSD broke and closed below a key daily support cluster. After a breakout, it turns into a potentially strong resistance. For us, the best entry is a retest of a broken structure. Bullish breakout of a key daily resistance is a reliable signal to buy. After a violation of a horizontal resistance, it became a support on USDCHF Forex pair on a daily. Your perfect entry for swing buying is its retest . The entry zones that we discussed will provide the safest trading opportunities. Learn to combine that with your trading strategy, it will help you to dramatically increase the profitability of your swing trading. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
2
Learn TOP 3 Elements of a Perfect SWING TRADE Hey traders, In the today's post, I will share with you a formula of ideal swing trading setup. ✔️Element 1 - Market Trend When you are planning a swing trade, it is highly recommendable that the direction of your trade would match with the direction of the market trend. If the market is trading in a bullish trend, you should look for buying the market, while if the market is bearish, you should look for shorting. Take a look at CHFJPY pair on a daily. Obviously, the market is trading in a bullish trend and your should look for swing BUYING opportunity. ✔️Element 2 - Key Level You should look for a trading opportunity from a key structure. IF the market is bullish, you should look for buying from a key horizontal or vertical SUPPORT, WHILE if the market is bearish, you should look for shorting from a key horizontal or vertical RESISTANCE. CHFJPY is currently approaching a rising trend line - a key vertical support. Please, note that if the price is NOT on a key structure, you should patiently wait for the test of the closest one. ✔️Element 3 - Confirmation Once the market is on a key level, do not open a trading position blindly. Look for a confirmation - for the sign of strength of the buyers, if you want to buy or for the sign of strength of the sellers, if you are planning to short. There are dozens of confirmation strategies, one of the most accurate is the price action confirmation. Analyzing a 4H time frame on CHFJPY, we can spot a falling wedge pattern. While the price is stuck within that, the minor trend remains bearish. Bullish breakout of the resistance of the wedge will be the important sign of strength of the buyers and can be your strong bullish confirmation. Following these 3 conditions, you will achieve high win rate in swing trading. Try these techniques yourself and good luck in your trading journey.
OANDA:XAUUSDEducation
by VasilyTrader
3