Support Resistance Propulsion Targets

The Forex software under review is an advanced trading tool that automatically plots support and resistance levels. It also includes propulsion candle gaps on the chart, providing critical insight into potential price directions and possible reversals. This tool is primarily designed for position trading and can be a vital asset for Forex traders.

Core Feature 1: Automatic Support and Resistance Lines

The software’s defining feature is its ability to automatically draw support and resistance lines across daily, weekly, and monthly timeframes. It performs this task based on data from the last two days to six weeks and months. These lines act as critical zones where price is likely to either reverse or pull back. They are also used as targets that indicate where the price might head next, allowing traders to anticipate potential trading distances before a likely turn.

Core Feature 2: Propulsion Candle Gap Targets

Another fundamental feature of this Forex software is its capability to identify propulsion candle gaps. These gaps are created by substantial, rapid moves initiated by banks and large institutions in any market. The software serves two purposes with these large candles:

1. They act as a directional signal, indicating the direction towards which price will likely move
2. They act as targets because these areas often leave big players caught “offside” in their positions, causing price to retrace back to these levels most of the time

This feature is particularly useful when entering trades, primarily for targeting purposes. It allows traders to see the most probable end point of a move. More than 90% of the time, these areas are re-tested within a short period, offering a high degree of certainty about where the price is heading.

Implications for Forex Trading

Understanding where the price is likely heading can greatly assist in making informed trading decisions. For example, if a trader is targeting a specific risk:reward ratio but cannot identify a potential propulsion candle gap target within range, this software can help decide the viability of a trade.

Independent Testing and Updates

For those interested in seeing the software in action, independent testing of the product is available on the forexroboteasy.com website. Users can also subscribe for updates on the results of testing this product.

Sharing User Experiences

We invite users of this Forex software to share their experiences. Feedback from real-life application can provide valuable insights and help the trading community understand the software’s practical benefits and possible limitations.

FAQ

What is the main function of this Forex software?

The software automatically draws support and resistance levels on your chart, along with propulsion candle gaps. It helps traders anticipate where the price might head next.

Does the software provide a certain level of certainty about price direction?

Yes, the software’s feature of identifying propulsion candle gaps provides a high degree of certainty about the price direction.

Can the software assist in making trading decisions?

Absolutely. If a trader is targeting a specific risk:reward ratio but cannot identify a potential propulsion candle gap target within range, this software can aid in deciding the viability of a trade.

Please note, this article is an independent product review and does not promote any product. It contains a neutral evaluation of the described Forex software based on its features.