Think about stop-loss trading
Counter-trend not working here to the extent that it is only support/resistance
Aside from that, it is the support/resistance during a trend
During a trend, it is precisely the time to use a trend-following approach
If there is a trend, then a trend-following approach should be fine
Because if you enter in the trend using the counter-trend logic
you tend to place stop losses like a typical averaging-down (martingale) strategy
This is the same as counter-trend trading eyes and tends to be repeated
Therefore, for counter-trend, limit it to range-bound markets with only support and resistance
In trending markets, it is better to use a trend-following approach
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