During an average volitility session, the range of any major currency pair is often has a 20+/- pips swing. What is the best way set the stop loss? - Forex Questions and Answers - FXAnswer

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During an average volitility session, the range of any major currency pair is often has a 20+/- pips swing. What is the best way set the stop loss?

What is the best way set the stop loss?

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- Warren
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1 year ago

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1 Vote In a ranging market we are looking for resistance in an uptrend to short and in a downtrend market we will be looking for support to take a long trade.We should place our stop above resistance and below support level. by Harold 1 year ago by Harold 1 year ago
0 Votes Range is an important factor to determine the stop loss, but not without considering the recent and major support and resistance level. by Kingpin 1 year ago by Kingpin 1 year ago

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In a ranging market we are looking for resistance in an uptrend to short and in a downtrend market we will be looking for support to take a long trade.We should place our stop above resistance and below support level.