TWK Auto Support & Resistance IndC V3 M4

TWK Auto Support & Resistance IndC V3 for M4

Overview

The TWK Auto Support & Resistance IndC V3 is an essential tool for Forex traders. It automatically identifies swing points, making it easier to spot crucial support and resistance levels. Here are the key details:

1. Minimum Deposit: $500
2. Timeframes: M5 to H1
3. Platform: MetaTrader 4 (MT4)
4. Currency Pairs: GBP/USD and EUR/USD

Strategy

The strategy behind the TWK Auto Support & Resistance Indicator V3 is straightforward and effective:

1. Price Action Points:
   • The indicator uses the most recent price action points available.
   • By combining these points from higher timeframes, we can enter trades with small setups.
   • This approach allows us to take advantage of significant risk-to-reward ratios.
2. Non-Repainting:
   • The indicator updates only when new support or resistance levels appear.
   • This ensures that we trade fresh price action, avoiding false signals.
3. Trade Opportunities:
   • Minor lines (purple) provide intraday trading opportunities.
   • Orange and red lines can be used for reversal trading or swing trades.
   • Remember, this indicator simplifies your trading process, keeps your charts clear, and provides optimal trade levels.

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Additional Resources 

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Happy Trading