Fundamentals of Technical Analysis : Trade using SnR - Kakiforex | Forex markets for the smart money. Fundamentals of Technical Analysis : Trade using SnR Fundamentals of Technical Analysis : Trade using SnR

April 5, 2021

Fundamentals of Technical Analysis : Trade using SnR

Basically, you can try to understand about BUY on SUPPORT and SELL on RESISTANCE. But as for risk control, what if the price manages to break SUPPORT or RESISTANCE. This will make it invalid.

So the more accurate concept is BUY on RBS, SELL on SBR.


SELL at SBR and SET your Take Profit Level at the nearest Support. After that, you have to wait if the price is reflected SBR again and you have the opportunity to enter SELL again on SBR and take your profit on the nearest Support Line. Easy isn't it.


You are free to use any time frame to see the breakout but keep in mind, that Support and Resistance only work perfectly on large TFs such as H1, H4, and Daily.


Continue studying the next chapter.