System Forex Pivot Point Strategy

0
778

System Forex Pivot Point Strategy

This pivot strategy uses 5 minute timeframe and is applicable to major pairs.

Forex Indicator:

  • Pivot Points

Long Trades:

  • The currency price must trade in the vicinity of the oversold S1 or S2 support level.
  • Price isn’t able to close below S1 or S2 (otherwise skip the trade).
  • Wait for the price to be bullish in the vicinity of S1 or S2.
  • Now go long according to the bullish pattern’s trading rules and place stop accordingly.
  • Target Profit five pips before the Pivot level.

Short Trades:

  • The currency price must trade in the vicinity of the overbought R1 or R2 resistance level.
  • The price isn’t able to close above R1 or R2 (otherwise skip the trade).
  • Wait for the price to be bearish in the vicinity of R1 or R2.
  • Go short according to the bearish pattern’s trading rules and place stop accordingly.

Recommended MT4 Broker

  • Free $50 To Start Trading Instantly! (Withdrawable Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year

Recommended broker

>> Claim Your $50 Bonus Here <<

Click here below to download:

Save

Save



Get Download Access

LEAVE A REPLY

Please enter your comment!
Please enter your name here