Forex Zone - Forex Forum

The technique of forming 7 candle support and resistance in Trading Systems_697bdb568da29

The technique of forming 7 candle support and resistance

Discussion started on Trading Systems

  • Hero Member
  • Posts: 5458
  • Points: 1753
  • Likes Received: 561
  • Reputation: +22/-18
The technique of forming 7 candle support and resistance

This technique makes it easy for us not to observe several screens with different timeframes, these 7 candles can be used for scalping day trades or swing trades, but if I like scalping. Usually these 7 candles are to analyze as far as 2 or 3 times and need to try



Linkback: https://www.forex.zone/trading-systems/10/the-technique-of-forming-7-candle-support-and-resistance/3408/
#1 - July 01, 2021, 12:58:55 AM
Attachments:
« Last Edit: July 29, 2024, 09:37:54 PM by Admin »

VIP
  • Hero Member
  • Posts: 21261
  • Points: 1568
  • Likes Received: 786
  • Reputation: +4/-0
In my view, the essence of this technique is to simplify the analysis process by limiting the amount of data observed, eliminating the need for traders to open multiple charts or switch between timeframes. By focusing only on the last seven candles, traders are guided to read the most current and relevant price reactions to current market conditions.
#2 - December 20, 2025, 10:25:12 PM

Members:

0 Members and 1 Guest are viewing this topic.



Elementor Website Builder