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For stop-loss When selling, put your SL few pips above the Support When buying Put your SL few pips below the Resistance This is what a break out looks like That's the strategy we utilise when trading Support and Resistance

It's a very important strategy that is linked to many Technical Analysis tools So as we practice it and trade with them,  u would understand fully how they work.

We would be analysing different market pairs on the Group. IT WOULD ALSO HELP SOME PEOPLE TO REVISE AND CATCH UP THE AIM IS TO CARRY EVERYONE , BECAUSE DIFFERENT PEOPLE HAVE DIFFERENT SPEEDS OF LEARNING AND ASSIMILATION LEVEL

For Resistance, it's the same principle U wait for a Candle to close below Resistance point to give you a clue whether it would hold After U've confirmed that the candle actually closed below the Resistance, U now wait for the 2nd candle to form and close in a bearish direction, then U SELL Remember it's the close we are looking at, not the Highs and lows

We would stop here for today Our activity this morning as soon as market opens would be to take USDJPY  4 hour line chart and draw their Support and resistance points Have a lovely new week and a profitable one🤝

So in Bounce method We Buy at Support and Sell at Resistance After confirming that they held The 2nd method used in Trading Support and Resistance is the BREAKOUT Even if the Support or Resistance did not hold that does not mean u should stay out of a profitable trade U should trade the opposite which is the Breakout Whenever a Support or Resistance is broken (especially those that has been holding for long) The breakout is always massive