Swing Trading Strategies Best Forex Trading Strategy for Beginners, is a trading pattern where you trade on support and resistance and you hold trades for days and sometimes a week you buy on support and sell on resistance you trade on pullbacks you trade on breakouts and trade the bounce of the moving averages.
So it is very important to learn the analysis about Swing Trading Forex support and resistance. How to trade on support and resistance and the proper risk management
Swing trading strategies
Before learning about the strategy there are some rules that we need to learn
There are 2 kinds of candles that we should look on support and resistance
1. Bullish and Bearish engulfing pattern
It is very important to understand the bullish engulfing pattern and bearish engulfing candle
After a bearish candle if a bullish candle comes which is two times bigger than the bearish candle is called bullish engulfing pattern.
And if after a bullish candle a bearish candle comes which is two times bigger is called bearish engulfing pattern.
2. Bearish and Bullish pin bar
Like that it is very important to understand bearish pin bar and bullish pin bar. And the image describe it below.
And now coming towards the strategy if you see a bullish candle right after a bearish candle which is 2 times bigger and it is on support line it is sure that the price will change its direction.
If you see a bearish candle after a bullish candle which is 2 times bigger than the bullish candle.
And it is on resistance zone the price will change its direction.
If you see bearish pin bar in the area of resistance it will change its direction.
Like that, if you see a bullish pin bar in the area of support for sure it is going to change its direction.
It is well define on the real chart.
In the above picture the level of support and resistance, Bullish and bearish engulfing patterns and bullish and bearish pin bars are defined very well.
You can see pin bars at the level of support and resistance which is a great sign that the price is going to change its direction.
Thus it is great to trade using a swing trading strategy. because it has a low risk management.
Conclusion
Swing Trading Strategies Best Forex Trading Strategy for Beginners, Because it is so important to trade with an easy strategy, so for more information about Forex visit our site Techzeer.
