Support and Resistance – II
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Question 1 of 6
1. Question
When trading the support and resistance strategy in a rangebound market (We are not looking for breakdown or breakout trades), you should:
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Question 2 of 6
2. Question
Price has moved up towards resistance and you are looking to enter a short trade. Which line best represents your ideal stop loss placement?
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Question 3 of 6
3. Question
From the previous setup, where “Price has moved up towards resistance and you are looking to enter a short trade.”
Which line best represents your ideal entry?
Line 1: Low of the previous day candle
Line 2: Low of a super bearish candle.
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Question 4 of 6
4. Question
Price has moved up towards resistance and you are looking to enter a short trade. Which line best represents your ideal take profit target placement?
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Question 5 of 6
5. Question
When trading the support and resistance strategy, you should enter when:
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Question 6 of 6
6. Question
Price has moved down towards support and you are looking to enter a trade. Which line best represents your ideal stop loss placement?
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