CCI Forex Support and Resistance Strategy

0
829

CCI Forex Support and Resistance Strategy

This system works on a 15minute timeframe and applicable to any currency pairs.

Forex  Indicators:

  • CCI Custom Candle;
  • Support and Resistance;
  • MTF Trend envelopes 240;
  • MTF Trend envelopes 60;
  • All Pivots;
  • CCI 14 (leve buy 75, level sell -75);

Rules:

  • Trade only in the direction of the trend.

Long Entry:

  • CCI Custom Candle Aqua.
  • MTF Trend envelopes 240 an 60 below the candles,
  • CCI14 above the level 75.

Short Entry:

  • CCI Custom Candle red.
  • MTF Trend envelopes 240 an 60 above the candles,
  • CCI14 below the level – 75.

Exit positions:

There are 3 options to exit:

  • On the pivot levels
  • with profit target predetermined, depends by currency pairs.
  • 3 pips before level support or resistance.

Stop loss must be 5 pips above or below MTF trend envelopes 60.

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