High accuracy “Forex Strategist Support Resistance Trading System” – The concepts of support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
Part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction.
- Time Frame: H4 or higher
- Currency Pairs: Any
MetaTrader Trading Indicators
- Forex Strategist SR
- Forex Strategist MA
- Forex Strategist STOP
- Forex Strategist BB
- Forex Strategist DI
- Forex Strategist RSI
- Forex Strategist STOCH
BUY Rules
- Forex Strategist SR: White line
- Forex Strategist MA: Blue bars
- Forex Strategist STOP: Blue line
- Forex Strategist DI: Blue bars
- Forex Strategist RSI: Above the level 50 line
- Forex Strategist STOCH: Above the Forex Strategist RSI line
SELL Rules
- Forex Strategist SR: Yellow line
- Forex Strategist MA: Yellow bars
- Forex Strategist STOP: Red line
- Forex Strategist DI: Red bars
- Forex Strategist RSI: Below the level 50 line
- Forex Strategist STOCH: Below the Forex Strategist RSI line