Support and Resistance – Ranging market strategy

Support and Resistance – Ranging market strategy

Set up –

·       Identify trend on a 4hr time frame – Draw trend line

·       Identify and draw support and resistance on a 1hr time frame

·       Drop to a 15min time frame and identify last candlestick formation

·       If support or resistance has been tested twice in the channel

·       Confirm with Fibo.                     I would Like to Have a Template for this Created for Now then Later On I will Have the Process Automated and \Turned into An EA.