my favourite setup- Huge Range Trade
you should always try to find price near support level in these types of trade setup.
First you should the range-
. There are two type of range as per my setup
1. small range
2. huge range
1. Small range- one can trade as range breakout because there are less chances of breakout failure( if fail then very small stop loss due to small range)
either place a trade at lower of range or at breakout ( risk reward will differ a little)
2.Huge range- Do not try to trade at breakout of range because there are more chances of breakout failure
try to enter at lower of range ( risk reward ratios much high because SL is very little )
Happy Trading!!
First you should the range-
. There are two type of range as per my setup
1. small range
2. huge range
1. Small range- one can trade as range breakout because there are less chances of breakout failure( if fail then very small stop loss due to small range)
either place a trade at lower of range or at breakout ( risk reward will differ a little)
2.Huge range- Do not try to trade at breakout of range because there are more chances of breakout failure
try to enter at lower of range ( risk reward ratios much high because SL is very little )
Happy Trading!!
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