Simple support ressistance levels (trapped price)

27 thg 6, 2019

On the H1 time frame we trap the price between the local high and the local low, making a stream in between the price is moving. It is only logical that the price will eventually break the support or ressistance level. When this happens we wait for the retest. If it retests we wait one or two candles to confirm that the stream has actually broke. Once we prove it we buy or sell dependind on where the price is going down or up. A nice move would be to make a twin trade. once you buy or sell you take 2 moves ( 2 sells or 2 buys). Once they are on profit about 15 pips we close one and move the sl of the other to breakeven or 1-2 pips in profit and we have a risk free move.