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Trade with S/R

S/R is more of a validation tool. We do not recommend relying on this indicator alone to build a strategy. 
The actual use of the S/R tool is to improve inputs and outputs. 
When you have a signal from Signal appearing, then it is always interesting to place your order close to the S/Rs or OBs. 
If you are already in a trade, it is very clever to get out of it using the S/Rs and OBs as a take profit/stop loss.
Double Low & Double High Strategy
Long Entry: When two consecutive candles have their lows crossing a support line and close above that same support, enter a long trade.
Short Entry: When two consecutive candles have their highs crossing a resistance, but they both close below that same resistance, then enter a short trade.
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Trend Lines
Next - Oscillator
Introduction
Last modified 4mo ago