Always consider what the price can do. In this chart we look at the massive bearish move after a rising wedge pattern, and take it that this instrument is bearish for now, so high probability trades will be to the downside. However you should always consider what the market can do. After a massive drop like this we can expect some sort of retracement (in level 3 of our Online Trading Course you will learn more about Fibonacci). This all comes down to your trader personality and type, do you trade with a trend or do you trade both trend direction and retracements (pullbacks)?
By know you have learned to Buy near Support and Sell near Resistance, and only take trades with a reward risk ratio of 2:1 or more.
The best way to make money is not to lose money, manage your trade as the market develop and prosper.
This is for educational purposes and not a signal to buy or sell any instrument. Make sure you get the proper education like our Online Trading course before you attempt to trade your hard earned money in the live markets.
Happy trading.
By know you have learned to Buy near Support and Sell near Resistance, and only take trades with a reward risk ratio of 2:1 or more.
The best way to make money is not to lose money, manage your trade as the market develop and prosper.
This is for educational purposes and not a signal to buy or sell any instrument. Make sure you get the proper education like our Online Trading course before you attempt to trade your hard earned money in the live markets.
Happy trading.
TIP!!! always consider what the price can do, and trust the trading concepts.