MpRarssa

Setup for getting close to a resistance

Long
OANDA:CADJPY   Canadian Dollar / Japanese Yen
well I try to always talk about some tips in captions I thing trading has sooo many points as you always can be a successful trader just by knowing good tips of your strategy by having a good setup for every situation I name this tip trading and we will go through a new one WHAT TO DO NEAR RESISTANCE :
always remember that is possible if price break your resistance (be aware of fake breaks ) and how you can find out it breaks or not:
1- price get into a wedge movement near of that resistance (small chance of breaking )
2- you can see divergence in the RSI and price (small chance of break)
3-hammer and evening star in 1H and 1D timeframes (small chance of break)
but after all it might be hard to find out so I encourage you always use small SL and triggers for getting into deal and if there is any important knows try to wait until it comes out
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.