Guaranteed Profits with Classical Support and Resistance Set-Up!
In this idea I will share a support and resistance trade set-up for USD/JPY. After it found a strong rejection at the 109.500 level the price rapidly found its way to the support zone of around 106.000.
Just like at the beginning of March, this zone created strong support and awoke many bulls again.
Now that the support zone got confirmed, I suggest a long position for the new week where we monetize the scenario of the price going back to the resistance zone.
For this trade I suggest to enter as soon as possible, so enter the trade wherever the price opens this week. The take profit is slightly below the resistance zone to maximize the chances of getting hit. For the stop loss, place it tightly below the support zone to make sure to leave this set-up when the pattern gets invalidated.
These trades using support and resistance levels, especially after a confirmed support zone, have a very high chance of success. If you use proper risk management and use the right stop loss, you will be able to earn a lot of money using these strategies. Obviously one cannot 100% guarantee the success of each individual trade, but you can make sure to enter those trades with higher success rate.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Just like at the beginning of March, this zone created strong support and awoke many bulls again.
Now that the support zone got confirmed, I suggest a long position for the new week where we monetize the scenario of the price going back to the resistance zone.
For this trade I suggest to enter as soon as possible, so enter the trade wherever the price opens this week. The take profit is slightly below the resistance zone to maximize the chances of getting hit. For the stop loss, place it tightly below the support zone to make sure to leave this set-up when the pattern gets invalidated.
These trades using support and resistance levels, especially after a confirmed support zone, have a very high chance of success. If you use proper risk management and use the right stop loss, you will be able to earn a lot of money using these strategies. Obviously one cannot 100% guarantee the success of each individual trade, but you can make sure to enter those trades with higher success rate.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
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.
Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
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.