Where Should I Place a StopLoss Order using Resistance Zones?
Determining Where Should You Set a StopLoss Order using Resistance Zones?
Resistance Levels
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