What are the four strategies for trading a sideways pattern?
Posted by Santu amin in FOREX
Sideways patterns at first appear to be telling us that nothing important is going on. Doing nothing is in fact a trading strategy. Yet, if you are trading sideways patterns consider the following several strategies:
a) Do nothing and wait for a breakout.
b) Play a break off resistance.
c) Play a break off support.
d) Play a bounce off support.
e) Play a bounce off resistance.
a) Do nothing and wait for a breakout.
b) Play a break off resistance.
c) Play a break off support.
d) Play a bounce off support.
e) Play a bounce off resistance.