fx-scalping-with-dynamic-support-resistance

Resistance Forex Scalping and Method High Frequency Dynamic Support

Forex Strategy, Scalping

Resistance Forex Scalping and  Method High Frequency Dynamic Support

Back to the basics of trading with high frequency dynamic support and resistance forex scalping. This method requires to have the SupportResistanceLevels indicator installed on your Metatrader charts. You can download the strategy below. We’re typically looking for 7-10 pips profit targets. Use this strategy on low spread currency pairs to maximize your profits! This method won’t work very well on higher spread currency pairs such as the GBP/JPY.

Chart Setup

Indicators: SupportResistanceLevels
Preferred time frame(s): 1M
Trading sessions: Euro and US
Preferred Currency pairs: Low spread (max 2 pips)

Download

Download the High Frequency Dynamic Support and Resistance Forex Scalping Method for Metatrader 4.

EUR/USD M1 Trading Example

fx-scalping-with-dynamic-support-resistance

3 Signals to scalp the EUR/USD pair were issued using the S/R dynamic method. All closed for 24 pips total profit.

Trading Rules

Buy Rules:

  • Wait for the 1 minute candlestick to close above resistance (red dots)

Enter buy trade and place stop loss 7 pips below your entry.
Price objective: exit the buy trade for 7-10 pips.

Sell Rules:

  • Wait for the 1 minute candlestick to close below support (blue dots)

Enter sell trade and place stop loss 7 pips above your entry.
Price objective: exit the buy trade for 7-10 pips.

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