Hi traders,
I will show you in this analysis how to trade ranging markets before the break out.
After a long time of consolidating we will see a break ot, but how we can trade this and how we find the right setup.
First draw the triangle an the boarder lines of the range.
The border line of the range are the entry points for your stop orders, the opposite range line from your entry point is
your stop. Your target on a long trade is the next resistance and on a short trade the next support line.
So you must not watch all the time the charts.
Risk management is the key to forex.
Your Stefan Forex
I will show you in this analysis how to trade ranging markets before the break out.
After a long time of consolidating we will see a break ot, but how we can trade this and how we find the right setup.
First draw the triangle an the boarder lines of the range.
The border line of the range are the entry points for your stop orders, the opposite range line from your entry point is
your stop. Your target on a long trade is the next resistance and on a short trade the next support line.
So you must not watch all the time the charts.
Risk management is the key to forex.
Your Stefan Forex