How to Trade at a Resistance Level..📈| SMC Trading Strategy | #trading #forextrading

How to Trade at a Resistance Level..📈| SMC Trading Strategy | #trading #forextrading #tradingwithpratik
1. Understand the Resistance Level:🔻

A resistance level is a price point where the market has trouble moving above. It often acts like a “ceiling” — when the price reaches this level, it may reverse and go down.

2. Watch for Price Action Near Resistance:🔻

Don’t enter immediately. Wait and observe how the price behaves near the resistance. If you see signs like:
• Price rejecting the level (long wicks/shadows on candles),
• Bearish candlestick patterns (like bearish engulfing, shooting star),
then it could be a signal to sell.

3. Enter a Trade (Sell/Short):🔻
If you see confirmation that the resistance is holding, you can open a sell (short) position just below the resistance level.

4. Set a Stop Loss:🔻
Place your stop loss slightly above the resistance level. This helps protect your capital if the price breaks above the resistance.

5. Set Your Target (Take Profit):🔻
Choose a support level below as your target. That’s where the price might fall and reverse again.

6. If Price Breaks Resistance:🔻
• Don’t panic. Let it close above the resistance.
• Wait for a retest of the resistance (now it acts as support).
• If it holds, then you can enter a buy trade.
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