Place your stop above resistance and pick a downside target which should be just above support - as soon as your level is hit you get out and wait for the next opportunity.
- When swing trading always keep in mind the old phrase " the bigger they are, the harder they fall" which is swing trading terms means the bigger the spike and the more overbought the currency becomes, the bigger the profit potential will be when it falls. Always try and trade currencies that are not just overbought but very overbought and near chart extremes, to maximize your risk to reward.
So there you have a very simple strategy, you can learn quickly which is easy to understand and best of all, makes big Forex gains in around 30 minutes a day.