Where Should I Place a StopLoss Order using Resistance Zones?
Determining Where Should You Set a StopLoss Order using Resistance Zones?
Resistance Areas
Resistance levels can be used to set stop loss levels where the stoploss orders are set just above the resistance area.
- Sell Trade - StopLoss Order set few pips above the resistance level
Sell Trade - StopLoss Order set a few pips above the resistance area
More Tutorials and Courses:
- Different Types of Platforms, Desktop, WebTrader & Phone XAU USD Best XAU USD Platform Reviews
- How to Use MetaTrader 4 XAU USD Platform Strategy Tester Tutorial Guide
- Keltner Bands XAUUSD Indicator
- Consolidation Chart Patterns in Gold
- XAU USD Pivot Points Support & Resistance Levels
- How Can I Read MetaTrader 5 App and Download MT5 App?
- Why Does XAUUSD Market Close for an Hour?
- How Can I Activate a MT5 XAU/USD EA in MetaTrader 5?
- How to Add Market Facilitation Index Technical Indicator on Gold Chart
