📍📍📍A Support and Resistance trading strategy that lets you profit from losing traders

Here’s a fact:

Support and Resistance attracts a lot of attention from traders. There will be some looking to trade the reversal, and others looking to trade the breakout.

Since trading is a zero sum game… for reversal traders to profit — breakout traders must lose. And for breakout traders to profit —reversal traders must lose.

Do you understand?

Good.

Now… let’s learn a Support and Resistance trading strategy to profit from breakout traders.

Here’s what you need to do:

👉🏾 Mark your areas of Support & Resistance (SR)
👉🏾 Wait for a directional move into SR
👉🏾 Wait for price rejection at SR
👉🏾 Enter on the next candle with stop loss beyond the swing high/low
👉🏾 Take profits at the swing high/low

Here’s what I mean…

1. Mark your areas of Support & Resistance

2. Wait for a directional move into SR

3. Wait for price rejection at SR

4. Enter on the next candle with stop loss beyond the swing high/low

5. Take profits at the swing high/low

❌❌❌ Support and Resistance trading strategy examples:

Now:

You must understand this trading strategy isn’t the “holy grail”. There are times you’ll lose to breakout traders — and at times, breakout traders will lose to you.

The only way you will survive in the long run is proper risk management. Thus, I suggest risking not more than 1% of your account on each trade.

Conclusion
This is what you’ve learned today:

👉🏾 The more times Support and Resistance is tested, the weaker it becomes
👉🏾 Support and Resistance are areas on your chart (and not lines)
👉🏾 Support and Resistance can be identified using moving average
👉🏾 Don’t place your stop loss just below Support or above Resistance
👉🏾 Trading at Support and Resistance gives you favorable risk to reward
👉🏾 A Support and Resistance trading strategy

Now here’s a question for you…

How do you trade a Support and Resistance trading strategy?

Drop your comment for me in the main group chart. Thanks for listening.

🙏🙏🙏🙏🙏🙏

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