USDCHF-Large Range Trading Zones
Price has been moving in large range for over 5 months between the two white lines here in this chart.
as power not show any clear direction of breaking these two range,
therefore, trade by sight using S/R zones as the entry indication for sells and buys.
Trading the S/R Zones
Trading Rules:
All S/R Zones has power to reverse the trade, but once broken with a closing candle Support zone will become Resist zone, and Resist zone will become Support zone.
Only trade when levels in zones are touch for the first time with a 1 hour engulfing candle to confirm the reverse.
Do Not chase price, let the price come to the S/R zones before entries.
S/R levels between zones can be use as Take Profit or stop lost location.
Price has been moving in large range for over 5 months between the two white lines here in this chart.
as power not show any clear direction of breaking these two range,
therefore, trade by sight using S/R zones as the entry indication for sells and buys.
Trading the S/R Zones
Trading Rules:
All S/R Zones has power to reverse the trade, but once broken with a closing candle Support zone will become Resist zone, and Resist zone will become Support zone.
Only trade when levels in zones are touch for the first time with a 1 hour engulfing candle to confirm the reverse.
Do Not chase price, let the price come to the S/R zones before entries.
S/R levels between zones can be use as Take Profit or stop lost location.
