Fractal Breakout Forex Support and Resistance Strategy

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Fractal Breakout Forex Support and Resistance Strategy

This is a price action system that uses breakout of the high and low. This works on a 5 minute timeframe or higher
and applicable to any currency market.

Forex Indicators:

  • Exponential moving average 11 period close,
  • Exponential moving average 50 period close,
  • CCI NUF 4,
  • De Mark Trend line trader,
  • Mouteki-De Mark Trend new,
  • Fractal support and Resistance,
  • Filter indicator with Smoothed moving average 4 period.

Buy Entry:

  • EMA>EMA 50 or price above EMA 11 and EMA 50.
  • Wait when the price close above the resistance of the fractal breakout indicator, then buy.

These are the conditions:

  • Breakup the trend line,
  • CCI Nuf histogram green color,
  • Filter histogram above the Moving Average

Sell Entry:

  • EMA<EMA 50 or price above EMA 11 and EMA 50.
  • Sell whe the price close below the resistance of the fractal breakout indicator.

These are the conditions:

  • Breakdown the trend line,
  • CCI Nuf histogram red color,
  • Filter histogram below the moving average.

Exit position:

  • Place initial stop loss above/below support and resistance.
  • You can use the profit target of the trend line.

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