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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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