Support & Resistance Forex Strategies Support & Resistance is one of the most used techniques in technical analysis based on a concept that’s easy to understand but difficult to master. It identifies price levels where historically the price reacted either by reversing or at least by slowing down and prior price behavior at these levels can leave clues for future price behavior. There are many different ways to identify these levels and to apply them in trading. Support and Resistance levels can be identifiable turning points, areas of congestion or psychological levels (round numbers that traders attach significance to). The higher the timeframe, the more relevant the levels become.
Finding the most important ones can take many hours of practice. They exist due to an influx of buyers or sellers at key junctures. The fact that these levels flip roles between support and resistance can be used to determine the range of a market, trade reversals, bounces or breakouts. Each of these trades will have their own rules for entry and exit. TradingView has a smart drawing tool that allows users to visually identify these levels on a chart.
Forex Fade Break Support Resistance Trading Strategy Forex Fade Break Support Resistance Trading Strategy: Time Frame The fade the break forex strategy works with the 15-minute (M15), 30-minute (M30) or 60-minute(M60 ) candle. Currency pairs: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD NZD/USD. Forex indicators This forex strategy is not using indicators based on mathematical algorithms. but … Read more
Forex Dynamic Trend Support Resistance Trading Strategy Forex Dynamic Trend Support Resistance Trading Strategy: This Trading system, is a reversal forex trading strategy based on a Dynamic channel Support and Resistance indicator written by Tinytjan in 2007 and pubblished on the http://codebase.mql4.com. This indicator is based on the Gaussian function. This is not a trading strategy for beginners, but … Read more
Forex Auto Trend Support Resistance Trading Strategy Forex Auto Trend Support Resistance Trading Strategy; This Trading System is trend following. The trend is determined by autotrend channel. Time Frame 30 min or higher. Currenci pairs: any. Forex Indicators: Spud Stochastic: ( composed by 19 Stochastic indicators); Autrend Channel (setting 30 min , 60 min: 24 hours- 240 min 60 … Read more
Forex Murrey Math Support Resistance Trading Strategy Forex Murrey Math Support Resistance Trading Strategy; This Forex strategy is a Murrey Math a reversal trading system Time Frame H1. Currency pairs:Majors. Metatrader Indicators: Murrey Math Line x setting 60; Trading time. Setup for London Session We always start to look for a potential trade setup at the start of … Read more
Forex Support Resistance CCI Trading Strategy Forex Support Resistance CCI Trading Strategy: Time Frame 15 min and higher; Currecncy pairs:any. Indicators: CCI Custom Candle; Support and Resistance; MTF Trend envelopes 240; MTF Trend envelopes 60; All Pivots; CCI 14 (leve buy 75, level sell -75); Rules Trade only in the direction of the trend. Long Entry: CCI Custom Candle Acqua, MTF Trend envelopes 240 an … Read more
Forex Mouteky Method Support Resistance Trading Strategy Forex Mouteky Method Support Resistance Trading Strategy: In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity. For every trading strategy one needs to … Read more
Forex Demark Support Resistance Trading Strategy Forex Demark Support Resistance Trading Strategy; This is Tom Demark points and trend lines. It is predictive indicator and seems to be a trading system.Demark trading system. The settings are the following: – Commen, if true we will see the comments in the up left side of the chart; – TD, if true … Read more
Forex Psycho Level Support Resistance Trading Strategy Forex Psycho Level Support Resistance Trading Strategy; This is a price action trading system. Time frame: 15 or higher. Pairs:all Indicators: Awesome, Bollingher Bands (20, 2) Support and Resistance indicator or draw (Support and resistance) Long Entry When price breaks to a PSYCHOLOGICAL level of resistance, Awesome Oscillator is GREEN enter long … Read more
Forex Simple Support Resistance Trading Strategy Forex Simple Support Resistance Trading Strategy: Time frame: H1, H4 and daily. Pair:all Indicators: Support and Resistance; RSI(14) with level 65, 35. Long Entry Position: When the close is above the resistance and RSI (14) >65, an order is placed to buy the next bar at open. Short Entry Position: When the … Read more
Forex Fractal Support Resistance Trading Strategy Forex Fractal Support Resistance Trading Strategy: This an is price action trading system. Time Frame Any Pair:any Long Entry Position: 1: If Candle closes above FB resistance, open long postition. Short Entry Position 2: If Candle closes below FB support, open short position. I RSI filter is On. Central line Filter 1: … Read more