Today I've tried to place a trade in a non-trending market using support and resistance levels. I've defined 3 levels of support and 3 levels of resistance. Using the 4h chart I located the highs and lows and came back to the 1h chart to place the trade.
Using a particular methodology, I placed my entry point slightly above R2 and the stop loss slightly below R1.
Let's see how this one goes.
Using a particular methodology, I placed my entry point slightly above R2 and the stop loss slightly below R1.
Let's see how this one goes.