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Best Works: XAUUSD (GOLD)

 

Recommended Pairs: GBPUSD, GBPJPY, USDJPY, EURUSD, EURJPY, EURCHF

 

Time Frame: Any (Timeframes doesn’t matter for this EA)

 

Broker: Anyone with good liquidity and five-digit instruments.

 

Profitability: 30% – 200% Or Higher Monthly Return Approximately

 

MTF - MULTI-TIMEFRAME

  • Toggle over 9 different time frames
  • Overlap various time frames for stronger levels
  • Smart filters for more accurate levels

 

ACCURATE - SUPPORT & RESISTANCE

  • Multiple Swing Low / High Scanner
  • Overlap Support / Resistance
  • Pullback Support / Resistance

 

FLEXIBLE - SETTINGS

  • Adjust the strength of each time frame
  • One-click strict settings
  • Individual settings for each time frame

 

Let us first properly define what Support and Resistance levels are before moving further (to avoid any confusion).

Resistance = any level that is above price.

Support = any level that is below price.

Support and resistance levels are essentially key levels a person should watch out for because previous price action between the bulls and bears have given us a key sign into the importance of those levels. See price failing to break above this resistance line for the past 3 times? That’s clearly a strong level to pay attention to.

If you see price failing to break below this horizontal support line multiple times, it is a strong level to pay attention to too. One of the most common questions we’re asked is how to determine resistance and support lines – especially which ones are the most important since based on how we draw them, almost every level can be an important level.

Quite simply put, there are many ways to draw support and resistance lines, but only a few correct ways to do so.

  • There are ascending/descending lines such as diagonal lines (most inaccurate) because the subjective nature of taking the proper levels is too subjective. If you get one point off by 1 pip, the line goes way off tangent.
  • There are channels which require at least 2 points on top and 2 points below which are fairly more accurate. This is because you are essentially taking a minimum of 4 points.
  • Then there are horizontal support/resistance levels which are the most accurate because it leaves extremely little room for subjective interpretation. To this tune, we’ll be focusing on the key support and resistance levels from such horizontal lines.

TFA Indicator-[Worth £649]- Free Version

£649.00 Regular Price
£0.00Sale Price
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