Price Action Forex Support and Resistance Strategy
Table of Contents
This system is a key factor to determine whether to enter a trade or not. SMA 21 is the determining factor to know the general direction of the market price.
Price Action helps to confirms the direction of the trade.
- Look for recent Lower High(s) and/or Lower Low(s);
- It is best that the 2 will occur but one is enough to be on your side.
- A Double Top (possibly implying the end of an Upward Movement) also helps to confirm a possible SELL Entry.
- We look for Higher High(s) and/or Higher Low(s) to confirm a possible Entry.
- A Double Bottom is another way of determining the end of a Downward Movement which may also be useful in helping to confirm a possible buy entry.
Forex Trading Strategies Installation Instructions
Price Action Forex Support and Resistance Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
Price Action Forex Support and Resistance Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
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How to install Price Action Forex Support and Resistance Strategy?
- Download Price Action Forex Support and Resistance Strategy.zip
- *Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Right click on your trading chart and hover on “Template”
- Move right to select Price Action Forex Support and Resistance Strategy
- You will see Price Action Forex Support and Resistance Strategy is available on your Chart
*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.
Click here below to download: