Price Action Forex Candlestick Strategy

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Price Action Forex Candlestick Strategy

This strategy is applicable to any currency pairs and it’s trading style is base on the price action. Just set the timeframe to 1 hour.

Forex Indicators:

  • CPI Candlestick Pattern
  • Pivot Daily.

Sell Entry:

  • The price must be below a pivot level after when appears an bearish pattern.
  • Place an pending order 2 pips below the Bear Pattern.
  • If the price do not breaks the order, delete order after three bars.

Buy Entry:

  • The price must be above a pivot level after when appears an bullish pattern.
  • Place an pending order 2 pips above the Bullish Pattern.
  • If the price do not breaks the order ,delete order after three bars.

Exit position

  • Stop loss for sell 5 pips above the pivot level;
  • Stop loss for buy 5 pips below the pivot level;
  • Profit Target at the next level pivot or 15 -20 pips.

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