Many traders refer to the concept of support and resistance as the backbone of technical analysis. It is by far one of the most widely used tools in Forex, there’s no question about that.
Support and resistance are used by traders to identify potential points on Forex charts where prices are likely to change direction. They are lines, best viewed as areas or zones where, in the past, buyers became sellers and sellers became buyers.
The Support & Resistance Expert Advisor for MetaTrader 4 is an automated trading system developed by our experienced mentors with over 80 years experience combined.
It has been designed to help all traders with an active Forex Signals membership to automatically spot the levels that may serve as Support and Resistance and draw them on the charts as horizontal lines.
It can be used to trade any currency pair and can be applied to the following time frames: 1H, 4H 1D and 1W.
Not sure what time frame to use? No problem, you can merge the indicator for different time frames too!
Awesome… we know!!
Thousands of traders are already enjoying the simplicity this EA indicator brings to their day-to-day life. Why not let us make your life easier, too?
Want to see what the hype is all about? Great! Follow the instructions below to install your new favourite EA to your MetaTrader 4 terminal:
Support is the lowest point of a price downward movement. Once the price hits the support level, the direction has the potential to change and prices begin to rise. Forex traders often refer to Support as a ‘floor’ that supports (or holds) prices.
Support levels signify that there are currently more buyers than sellers which means that there is more demand than supply in the market. It is drawn on the chart using horizontal lines, always below the current market price.
Start a free trial today and join our 5 star Trading Room. Our Forex mentors and community of traders are ready to join you on your trading journey! Watch the demo now and see what’s inside!
Many traders refer to the concept of support and resistance as the backbone of technical analysis. It is by far one of the most widely used tools in Forex, there’s no question about that.
Support and resistance are used by traders to identify potential points on Forex charts where prices are likely to change direction. They are lines, best viewed as areas or zones where, in the past, buyers became sellers and sellers became buyers.
The Support & Resistance Expert Advisor for MetaTrader 4 is an automated trading system developed by our experienced mentors with over 80 years experience combined.
It has been designed to help all traders with an active Forex Signals membership to automatically spot the levels that may serve as Support and Resistance and draw them on the charts as horizontal lines.
It can be used to trade any currency pair and can be applied to the following time frames: 1H, 4H 1D and 1W.
Not sure what time frame to use? No problem, you can merge the indicator for different time frames too!
Awesome… we know!!
Thousands of traders are already enjoying the simplicity this EA indicator brings to their day-to-day life. Why not let us make your life easier, too?
Want to see what the hype is all about? Great! Follow the instructions below to install your new favourite EA to your MetaTrader 4 terminal:
Support is the lowest point of a price downward movement. Once the price hits the support level, the direction has the potential to change and prices begin to rise. Forex traders often refer to Support as a ‘floor’ that supports (or holds) prices.
Support levels signify that there are currently more buyers than sellers which means that there is more demand than supply in the market. It is drawn on the chart using horizontal lines, always below the current market price.
Start a free trial today and join our 5 star Trading Room. Our Forex mentors and community of traders are ready to join you on your trading journey! Watch the demo now and see what’s inside!
ProFx Club has transformed my trading game. Their signals and insights into new forex trends are invaluable. Plus, they even offer tickets to exclusive events.