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
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.
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.