Rejection with support and resistance trend lines
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Thread: Rejection with support and resistance trend lines

  1. #1
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    Rejection with support and resistance trend lines

    Rejection with support and resistance trend lines
    Type of CopyFX account Trader
    Name of CopyFX Trader stable1
    Account number 5255763
    Account Password stablecopyfx
    Account type CopyFx MT4 Pro-Cent
    Account currency USD
    Leverage 1 : 50
    Informer copy fx


    Strategy Parameters:-
    Moving average, Trend lines
    Difficulty:- Easy
    Time Frame:- M15 | M30 | H1 | H4 | D1
    Trading Pairs:- EUR / USD GBP / USD XAU / USD USD / CAD USD / ZAR


    Strategy Description

    We can use two ways this strategy. Use the Moving average (Period 8) on trading for find the trend of market and use trend lines as support and resistance strategy according to trend lines and these dot lines are make high and low price of market are show use the rejection of market trend. These red lines are show the reject from low side and blue dot lines are show the market resistance rejection.
    Buy 1 When price is above from MA then open buy orders.
    Buy 2 When price is touch red support line
    Sell 1 When price is below the MA
    Sell 2 When price is touch blue resistance line
    M30 chart with rejection points



    Below is the example with H1 time frame



    In this above chart trend line example is only one because trend lines are only appear with market price.

    Comment moderator

    1. ContestFX
    2. Strategy confirmed

    Not allowed!
    Last edited by ContestFX; 10-08-2018 at 07:16 PM.

  2. #2
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    Usdchf is reject from its 0.9964 point and also its cross the trend line today which is good sign to place a selling orders and I open a sell trade at 0.9874 with TP 0.9800 level. lot size is 15.


    Eur is on Support line and bounce today from its support 1.1532 level and this is a good opportunity on this pair to open a buy trade with target 1.1659 level. Lot size open are 15.

    Not allowed!

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