Conduct box price breakout and follow-up systematically with support and resistance

Box range markets are the concept

Horizontal support/resistance and angled support/resistance do not exist as clearly defined

To be具体的 speak, you should think of a box range market as angled support/resistance

There is also horizontal support/resistance, but basically it is angled support/resistance

Also, support/resistance follow plus angled support/resistance break follow can also be established

When long-term support/resistance functions → the angled support/resistance of the previous time frame breaks → it touches a trendline in that direction and follows

and so on

There are many combinations that can be formed with only support/resistance

To effectively activate and utilize support/resistance, you should constantly be aware of the formations being formed

Please become conscious of support/resistance

In the case of trend → flag, followed by re-trend

As for the take-profit level,

It can be as effective as the price moves in the previous trend, so it works

Setting take-profit levels based on the trendline is also effective

Many people say that the market has become more difficult than in the past,

but that is simply because the market movements in between have become more like random walks due to recursive theory and prospect theory

The market will move sooner or later

In that “sometime” there will inevitably be a break of support/resistance

Therefore it is “effective”

※ For those who want to keep earning from FX, please go here ↓