Support and Resistance Levels Strategy
MediumClassic strategy based on price bounces from key support and resistance levels. Perfect for trading on Pocket Option.
Strategy Features
- Identifying key support and resistance levels on the chart
- Entering positions when price bounces from a level
- Using candlestick patterns for confirmation
- Setting stop-loss beyond the level
- Target profit at the next level
How Strategy Works
- 1Study the chart and find key support and resistance levels
- 2Wait for price to approach a level
- 3Look for reversal signals: pin bars, doji, engulfing patterns
- 4Open a position in the direction of the bounce from the level
- 5Set stop-loss beyond the level and target at the next level
Best Assets
Risk Management
Recommended risk is no more than 2-3% of the deposit per trade. Use a stop-loss around 1.5-2% of position size.