Support & Resistance 5.9

Notification of support or resistance levels is crucial for Forex trading. This service provides alerts when such levels are detected, enhancing your trading strategy.

Introducing a feature that allows you to follow and replicate our trades based on support and resistance levels.

This initiative comes with a complimentary 7-day trial period, enabling you to explore its benefits without commitment.

Trading using support and resistance remains one of the most enduring and effective methods in Forex, rooted in classical analysis. It serves as a reliable technique for identifying entry and exit points.

Our program will notify you each time the "Sniper" algorithm identifies significant support or resistance levels across 28 currency pairs, along with gold and oil. This feature ensures you are alerted to critical market movements promptly, specifically within the specified time frames of 4 hours and 1 day.

However, we advocate for a comprehensive approach to trading. It is advisable to integrate your preferred tools or methodologies alongside this program. Utilizing reflective models or Japanese candlestick patterns could enhance your ability to ascertain trend reversals.

Should a breach of these support or resistance levels occur, it often signals the continuation of the prevailing trend post-breakout.

This program simply highlights key support and resistance points, enabling you to utilize your own charts and indicators for trend confirmation or pattern recognition, such as reversal signals like the hammer candlestick.

The Importance of Support and Resistance

Support and resistance play a pivotal role in technical analysis, a methodology employed by many traders. By identifying these significant levels, traders can determine price ranges in which currencies operate, leading to more informed trading decisions.

Technical Analysis

Support and resistance levels are fundamental elements of technical analysis. This practical approach utilizes charts and various tools to review market history and uncover patterns that could provide insights into future price movements, although historical performance does not guarantee future outcomes. Technical analysts focus on actual market behavior rather than theoretical valuations proposed by fundamental analysts.

This methodology is grounded in several core assumptions, including the premise that historical price patterns tend to repeat over time.

Note: Please refer to the article "How to Trade" available in the app for further insights.

We wish you good luck in your trading endeavors.