Support & Resistance

Before i teach you guys specifically. Let me introduce you guys first on what is support and resistance(SnR):-

SUPPORT is a place where we find opportunity to enter BUY positions because support is the place where there are strong demands to buy a currency. This will causes the price stops from going down.

RESISTANCE is a place where wfind oppurtunity to enter SELL positions because resistance is the place where there are strong supplies to sell a currency. This causes the price stops from going above.

There are also two types of Suppor and Resistance :-

Support :
- strong support
- weak support

Resistance :
- strong resistance
- weak resistance

Support and resistance also can change when there’s a breakout(bo) happened:-

Support breakout = support becomes resistance(SBR)

Resistance breakout = resistance becomes support(RBS)
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Daily Free Signals & Analysis: t.me/goldsnipper
Website: https://tradingwithmragarwal.com/our-packages/

Hold 😊

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Usdcad +95 ✅ Tp1,Tp2,Tp3
Gold -50 sl
Silver +135✅ Tp1,Tp2
Chfjpy +35✅ Tp1,Tp2
Nzdchf ✅Hold
NZDJPY ✅ Hold
Gbpaud ✅ Hold
Usdjpy +75✅ Tp1,Tp2,Tp3

Total Pips = +390pips
Red Pips = -50 sl Pips

Total = +340 pips

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⚔ Nzdchf buy now quickly ⚔
0.60000- 0.59700
Sl 0.59550
Tp1- 0.60100
Tp2- 0.60200
Tp3- 0.60300
Tp4- 0.60550
✅😊👍

How to Maximize Profits From Our Signal? ( UPDATED )

✅ Place Buy Or Sell Trades Anywhere In Price Zone We Have Mention In Signal.
✅ Use Martingale Layer If Price Reach To The Second Price Level We Mentions In Signals.
✅ Use Sl For Stop Loss.
✅ Close Half Entries After A Good Profitable Movement, Let Them Hit More TPs Or Even New Highs.


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Website: https://www.tradingwithmragarwal.com

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💡How to entry & Layering! (Martingale Layer Profits Technique)

1. Ok this layer technique is called Martingale Layer. I'm not kidding when I say martingale layering entry is one of the best entry to manage the risk.

2. First, you need to choose your lot size first. For this purpose, lets say you have 200 usd equity in your acc. And i choose 0.10 lot sizing because he is in the middle of low risk and mid risk.

3. When the signal comes out or when you want to entry. Our mindset is to fill our 0.10 lot sizing in layers. So first we enter the smallest/cute lot in our 0.10, for example, lot 0.01 or 0.02.

4. If the floating price is negative 5/10 pips from the open/entry price, you add another layer and increase a little from the number of initials entered. So you enter lot 0.02 or 0.03

5. And when the floating price is negative again, 20 pips from the open/entry price, you add another position to suffice our lot sizing 0.10 by inserting the last layer with a lot that is bigger than the second layer, which is lot 0.07 or 0.05.

6. Maximum only two layers to avoid over layering.

7. So let say if we hit SL, the loss is very small compared to if we enter and keep on continue with lot 0.10 at the first entry place.

8. If we are in a state of profit, our profit is greater than if we choose to enter lot 0.10 directly in the first entry.

Daily Free Signals & Analysis- t.me/goldsnipper
Website- https://www.tradingwithmragarwal.com

For those who ask... 🤔

"What is Break Even (BE+)?"

BE is a step to protect your capital or balance from experiencing any loss after making profit!

Basically, making bits of profit while minimising any losses when trading.

You can set your BE by shifting your SL to before price action.

You can see a sample from the image above. Left is for Stop Loss (SL) and on the right is once Break Even (BE) has been done.

May this information be of use to you and increase your knowledge 🙏🏼

Daily Free Signals & Analysis- t.me/goldsnipper
Website- https://www.tradingwithmragarwal.com