Support and resistance trading is very best way get good profit. The entry and exit points are to be considers after the test of the breakout. if we enter after breakout then there are chances of false breakout and the price may reverse. If we enter in buy order after the test of resistance line then the resistance becomes support and price starts to move in upper direction.
while short selling we have to wait until test of the broken support line. The price will test the support line for some time. once the support is not broken to upper side then the support turns into resistance and price starts to fall. This is the time to enter with full size and make good profit.
The target should be next Support / Resistance Line.
Important Point to note.
We are going to wait until TEST of Support or Resistance for Entry.
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