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Range trading involves buying at the support level and selling at the resistance level. Traders who use this strategy will look for opportunities to buy when the price is approaching the support level and sell when the price is approaching the resistance level. This can be a profitable strategy in […]
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If the fakeout appears at the resistance level of the range-bound, traders will open a short position and wait until the trend reaches the support of the ranging market. Trading on the breakouts of the nifty weekly range for example is the opposite of trading support and resistance borders of […]
