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Identifying Trade Setups by Support, Resistance and Price Action

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mql5

, 06-24-2015 at 04:34 PM (1357 Views)

This article shows how price action and the monitoring of support and resistance levels can be used for well-timed market entry. It discusses a trading system that effectively combines the two for the determination of trade setups. Corresponding MQL4 code is explained that can be utilized in the EAs based on these trading concepts.

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Tags: price action, resistance, support, technical analysis

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