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

• MTF Fractal
• i-Target
• WPR Slow
• Relative Strength Index

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

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

• 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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