[Jin Xuyang]: Dry goods - doing foreign exchange, how to find the best entry point?

As is well known, doingforeign exchangeThe most difficult part of trading is not to judge the market trend, but to find the best entry point.

Many new entrants to the marketForeign exchange transactionsPeople are striving to find the highest and lowest points of the market every day, but before that, everyone needs to understand a concept that the relative high and low points referred to in the foreign exchange trading market are not the highest and lowest points of the foreign exchange market.

Sometimes, there is a relatively long-term upward trend in the exchange rate, during which many investors have already made profits. Subsequently, positive news was announced in the market, and these traders entered the market again, only to lose the profits they had previously gained.

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The reason is that the positive news has already anticipated the market, so the further boost to the market after the news is released is also very limited.

When there is no more news coming out, many traders choose to close their positions because entering without any news increases a lot of risk.

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As mentioned in the previous article, good market conditions are waiting for rather than being created, and one way to reduce the risk of foreign exchange trading is to wait.

Whether it is an upward or downward trend, it is always safer to wait for the trend to be confirmed before trading. At the same time, it is also important to set a stop loss to prevent accidents and face too much loss.

1Searching for important resistance or support zones in the near future

Before identifying important resistance and support levels in the near future, it is important for everyone to have a correct judgment of the overall trend of the market. For example, in an upward trend, technical analysis can be used to find corresponding support levels as a reference for entry points.

If the market does not suddenly reach this support level, you can buy at this time. On the contrary, it is necessary to continue waiting for the next support level before analyzing the market trend.

The operation of a downward trend is similar to an upward trend.

2Near the tangent position

The way to find the best entry point using the tangent position is to test when the foreign exchange price breaks through and explores the vicinity of the breakthrough tangent after the graph breaks out of the breakthrough pattern.

At this point, it would be a good opportunity to engage in foreign exchange trading in line with the direction of the tangent breakthrough, and at the same time, to do a stop loss on the other side of the tangent to avoid false breakouts in the exchange rate.

3Waiting for short linesMACDdeviation

The short-term deviation referred to here generally refers to5Minutes or15minuteKIn the line graphMACDDeviation. When doing foreign exchange, investors should pay attention to the market downturn when buying upwardsKIn the line graphMACDThe bottom deviates.

Only the vicinity of the relative low point after the market bottoms out and deviates is the more suitable entry point at this time.

The above is the content shared today, hoping to be helpful to everyone,

Jin Xuyang（JXSJ0011）

Wishing everyone smooth trading and full profits in the new week!