Fade Breakout Forex Support and Resistance Strategy

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Fade Breakout Forex Support and Resistance Strategy

This system works on a 15 minute, 30 minute and 1 hour candle. This is applicable to EU, UJ, GU, UCHF, UC, AU and NU. This is based on a price action.

Forex Indicators:

  • Pivot points levels
  • Fibonacci retracement
  • Static and dynamic support and resistance.

After the market fails to break the resistance level or below support level, the market may reverse.

Markets often reverse after a failure to break above the resistance level or below the support level.
You will notice a failure to break the resistance level is when the shadow of the candle that goes above the resistance level but fails to close above it, and the
the price falls back below the resistance level. You will also notice a failure to break the support level is when the shadow of the candle that goes below the support level but fails to close below it.
price rises above the support level.

Long Entry:

  • Identify the support level.
  • Identify a candle that has a shadow that goes below the support level.
  • Wait for that candle to close as a bull candle. This is called the falsebreak
  • candle.
  • Enter at the opening of the next candle.
  • Set a stop loss of 5 pips below the low price of the false break candle.
  • Set two profi t targets for this trade. Set the two targets at a risk to
  • reward ratio of 1:1

Short Entry:

  • Identify the resistance level.
  • Identify a candle that has a shadow that goes above the resistance level.
  • Wait for that candle to close as a bear candle. This is called the falsebreak
  • candle.
  • Enter at the opening of the next candle.
  • Set a stop loss of 5 pips above the high price of the false-break candle.
  • Set two profi t targets for this trade. Set the two targets at a risk to
  • reward ratio of 1:1.


Forex Trading Strategies Installation Instructions

Fade Breakout 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.

Fade Breakout 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 Fade Breakout Forex Support and Resistance Strategy?

  • Download Fade Breakout 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 onTemplate
  • Move right to select Fade Breakout Forex Support and Resistance Strategy
  • You will see Fade Breakout 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.

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