Support And Resistance Zones Indicator How To Find Support And Resistance levels System|Strategy

Support And Resistance Zones Indicator How To Find Support And Resistance levels System|Strategy

How To Find Support And Resistance levels System|Strategy The entire trading system can be traded in any market and anywhere Time frame (which is a big advantage). Your time frame is less Select, the more you get the signal (the more trade), but logically Trades will be low (open and close fast), depending on each trader Choose the business style that suits you. The trading system is very simple and involves looking for a strong S/R levels (those that the market has tested at least once, but no Once the price hits the S / R zone (it was tested earlier)day trading support and resistance Market), I open a trading position against the market direction Use boundary orders). After that I hold the trade until the price goes up Opposite the S / R zone
 
Buy trade:
 
Price reaches strong support (should be tested at least once). over it Right now, I'm opening the shopping business. I applied the nearest TP Resistance is similar to the TPS equivalent to the TP from the SL entry price So I only use the RRR ratio.

Sell trade:
 
Price reaches strong resistance (should be tested at least once). On Right now, I'm opening a sales business. I set the TP close to the top Support. SL is priced in the same quantity as the entry - TP -
Again, I only use a 1: 1 RRR ratio.

Last information:
 
Only strong S / R zones are displayed in the indicator. Not like other S / Rs Indicators, drawing S / R zones everywhere. That's why I like it There is a lot in the indicator, and I recommend you reduce the chart a bit as well A bit to see all the zones. support and resistance indicator For intraday trading, I have M5 or M1 chart. For swing trading I like the H1 chart the most. With this indicator, of course, you can trade in any other trading
system.The above system is just my easiest variation System. I also trade previously unselected S / R zones, but that's the style Much harder and requires more experience (I'll show a couple of them too) his trade in this thread). Of course, if you change the trade Strategy, 100% of it is up to you.

Recommendation

Use MetaTrader 4 Forex trading platform
Major, Minor and Exotic currency pairs(EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD)
Favorite time to trade:Sydney session, Tokyo session,London session,New York session.
Best Time Frame:1-minute or 5-minute charts or 15-minute chart or 1-hour charts or 4-hour chart or 24-daily chart or 1 week chart or 1 month chart
Use Best Forex Brokers:Plus500,FXTM,XTB,Alpari,OctaFX,FPMarkets,,Exness


Support And Resistance Zones Indicator Free Download MT4|MT5 How To Find Support And Resistance levels