What is the best entry point for swing trading?
You will learn 3 safest places/zones to buy or sell the market from, best swing trading time frame, and the most accurate swing trading setups.
Best Entry 1
Swing Trading After a Confirmed Trend Reversal
It can be a bearish trend violation and a start of a new bullish trend.
Look at a price action on WTI Crude Oil on a daily.
The market violated a bearish trend and started to trade in a new bullish trend, confirming the reversal.
In such a case, your best entry will be the closest daily support.
Alternatively, it can be a bullish trend violation and an initiation of a new bearish trend.
USDCAD was in an uptrend, steadily growing within a parallel channel.
Its violation confirmed the change of sentiment and start of a downtrend.
In this situation, your safest entries will be from the closest daily resistance.
Best Entry 2
Swing Trading with the Trend After Pullback
In a bullish trend, you should wait for
a completion of a bullish movement,
wait for a pullback
swing buy the market after it completes.
AUDCAD is in a rising trend.
A pullback tends to complete on a key support.
That will be your zone for buying.
Otherwise, in a bearish trend, you should let the price:
finish a bearish impulse
start a correctional movement
sell the market after the correction ends.
USDCHF was in downturn and updated the low. A local bullish movement started then.
It usually completes after a test of a key resistance. That will be the area where you should look for swing selling.
Best Entry 3
Swing Trading After Key Level Breakout
Bearish violation of a key daily support is a perfect signal to sell.
It is an important sign of strength of the sellers and a strong indication that the price will continue falling.
NZDUSD broke and closed below a key daily support cluster. After a breakout, it turns into a potentially strong resistance.
For us, the best entry is a retest of a broken structure.
Bullish breakout of a key daily resistance is a reliable signal to buy.
After a violation of a horizontal resistance, it became a support on USDCHF Forex pair on a daily.
Your perfect entry for swing buying is its retest.
The entry zones that we discussed will provide the safest trading opportunities.
Learn to combine that with your trading strategy, it will help you to dramatically increase the profitability of your swing trading.
