After a range or sideways area breakout, retracements in price action are always the best places to enter into any buy or sell trades- they have the lowest risk/highest reward setups and best risk management.
The True resistance/supply is within the range of the cluster of price action. It begins at the origin of the supply/demand imbalance. - for bearish trades
(See chart example of bearish trade coming from supply area)
The True support/demand is within the range of the cluster of price action. It begins at the origin of the supply/demand imbalance. - for bullish trades
This trade had a possible 50 pip potential: How much of that could you have got with right stop loss and risk management of 1%,2% or? whats your plan!!
The True resistance/supply is within the range of the cluster of price action. It begins at the origin of the supply/demand imbalance. - for bearish trades
(See chart example of bearish trade coming from supply area)
The True support/demand is within the range of the cluster of price action. It begins at the origin of the supply/demand imbalance. - for bullish trades
This trade had a possible 50 pip potential: How much of that could you have got with right stop loss and risk management of 1%,2% or? whats your plan!!