#SwingTradingStrategy

My approach to swing trading relies first on analyzing the overall trend using moving averages (50 and 200 days), to ensure that I am trading in the same direction as the market. After that, I monitor key support and resistance levels, and I use candlestick patterns to identify potential entry points.

I also rely on indicators such as RSI and MACD to assess momentum and avoid entering during overbought or oversold conditions. For exit timing, I set a profit target based on a risk-to-reward ratio of at least 1:3, and I use a trailing stop to protect profits in case the price moves in favor of the trade.

I also follow economic news as it can suddenly impact price movements. The most important thing is discipline and adherence to the plan, without making emotional decisions.

All these tools together help me make informed entry and exit decisions in swing trading.