Binary trading 200 sma forex
Markets often reverse at major support and resistance levels. We look for possible reversal buy signals near major support levels. On the contrary, we look for reversal sell signals near major resistance levels with small stop-losses for both trade setups.
Support and Resistance Metatrader 4 optional Preferred time frame s: Any Preferred Currency pairs: Download the Support and Resistance Metatrader 4 indicator. Open buy order at the open of the next candle with stop-loss placed 3 pips below the low of the bullish rejection candlestick.
Execute buy order at the open of the next candlestick. Place your stop-loss 3 pips below the low of the bullish reversal candlestick.
Set two price objectives for this setup. Close first half at risk-to reward 1: Execute sell order at the open of the next candlestick. Place your stop-loss 3 pips above the high of the bearish reversal candlestick.
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Any Download Support and Resistance Indicator Download the Support and Resistance Metatrader 4 indicator. Trading Rules Buy Rules: Look for major support levels and draw the support line.
Wait for a candlestick that penetrates through support but fails to close below.
The above candlestick must close as a bullish candlestick. Look for major resistance levels and draw the resistance line. Wait for a candlestick that penetrates through resistance but fails to binary trading 200 sma forex above.
The above candlestick must close as a bearish candlestick. Click Here to Leave a Comment Below 0 comments. Choose A Top Trading Strategy….
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