Price Action Forex Support and Resistance Strategy

This system is a key factor to determine whether to enter a trade or not. SMA 21 is the determining factor to know the general direction of the market price.

Price Action helps to confirms the direction of the trade.

SELL ENTRY:

• Look for recent Lower High(s) and/or Lower Low(s);
• It is best that the 2 will occur but one is enough to be on your side.
• A Double Top (possibly implying the end of an Upward Movement) also helps to confirm a possible SELL Entry.

BUY ENTRY:

• We look for Higher High(s) and/or Higher Low(s) to confirm a possible Entry.
• A Double Bottom is another way of determining the end of a Downward Movement which may also be useful in helping to confirm a possible buy entry.

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