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M30 and H1 Forex Support and Resistance Trading System


Price Action Intraday Trading Strategy – M30 and H1 Forex Support and Resistance Trading System.  This system is mainly based on support/resistance trading, in the direction of the major trend.

  • Time Frame: M30 and H1
  • Currency Pairs: GBPUSD, EURUSD, USDJPY, GBPJPY

 

MetaTrader Trading Indicators
  • MTF Fractal
  • i-Target
  • WPR Slow
  • Relative Strength Index

 

BUY Rules

Trading NOTES

DOWNLOAD INDICATOR


  • MTF Fractal: Blue color below the previous swing low
  • WPR Slow: Blue bars
  • Relative Strength Index line: Above the level 60

 

SELL Rules

  • MTF Fractal: Red color above the previous swing high
  • WPR Slow: Red bars
  • Relative Strength Index line: Below the level 40

 

Trading NOTES
  • Put the initial stop loss above or below the  MTF Fractal/Dots – For example, when you enter a long trade – buy trade – use the last blue dots as your stop loss. And when you enter a short trade – sell – then use the last red dots as your stop loss.

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