Support and Resistance Dynamic Forex Scalping Strategy

0
1396

Support and Resistance Dynamic

This is a good strategy for trending markets for it can take advantage of the profit that the market may offer. Fifteen minute time frame is advisable for this strategy and major pairs are the suggested pairs for this system. This system is trading during major breakouts of support and resistance.

For LONG entry:

  • Wait for the previous candle to close.
  • Take a position 1 pip above the red dot.

For SHORT entry:

  • Wait for the previous candle to close.
  • Take a position 1 pip below the blue dot.

You can use pending orders on this and it is valid until the next dot shows up. You can set stop loss on high of the set up bar for short, and low of the set up bar for long. Take profit must be 8 pips for EURUSD, 7 pips for AUDUSD and USDJPY, and 9 pips for GBPUSD.

Recommended MT4 Broker

XM Broker

  • Free $50 To Start Trading Instantly! (Withdraw-able Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year
  • Exclusive 90% VIP Cash Rebates for all Trades!

XM 90 Rebate Cashback

>> Sign Up for XM Broker Account here with Exclusive 90% VIP Cash Rebates For All Future Trades [Use This Special Invitation Link]  <<

Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: VIP90


Click here below to download:

Save

Save


Enter Your Email Address below, download link will be sent to you.

Get Download Link

LEAVE A REPLY

Please enter your comment!
Please enter your name here