Range trading
Buy low, sell high, literally
When price is ranging between clear support and resistance, you can buy near support and sell near resistance, with tight stops just outside the range. Once price closes outside the range, the idea is invalid.
Test yourself
In this range, where does a long trade make the most sense?
Near support, with a stop just below itBuying near support gives the best risk:reward to the top of the range.
What ends a range trade idea?
A strong close outside the rangeA close outside means the range has broken.
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Candlr is educational. Nothing here is financial advice, and trading involves a high risk of loss.