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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🤝

Anyway, Let's move on So you wait for the. candle to close above Support to start getting ready Then wait for another candle to close in a Bullish direction before u pull the Buy trigger Hence we are waiting for 2 candles Like I said, the kind of candle that formed around the Support zone would give you a clue to what would likely happen next Imagine seeing a Hammer Candle, Closing right smack on the Support line,  it's a signal that a Reversal is imminent So that is how you trade the bounce

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

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

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

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