The Forex Support and Resistance Finder
IMPORTANCE OF SUPPORT & RESISTANCE
Trading support and resistance is probably the best way of trading the Forex Market. The main reason for this is the S & R trading identifies the barriers the Big Players (Banks and Governments) try to defend. You only need to read commentary by great traders and banks to realise the importance of major support and resistance levels.
Important Support and Resistance levels can be big bounce and breakout opportunities. Support and Resistance trading often do not have black and white trading rules, for example, when will a level act as a breakout point and when will it be a bounce point if often inconsistent.
Finding Support and Resistance is also often subjective. What one trader sees as support another may not.
How it works
Also refer to the User Guide (download details below) for more information on how the indicator works.
PURCHASING THE INDICATOR ($50)
If you want to purchase the indicator please use the PayPal Button
View this video for ideas on how to format your charts and change the settings of the indicator to get the best from using it
The Template shown in this video is included in the indicator download from EAFactory