Grucha Channel Forex Breakout Strategy

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Grucha Channel Forex Breakout Strategy

This is a breakout strategy that is for scalping and works on a 15 minute chart. This is applicable to any currency pairs and can only be used in New York and London Session.

Forex Indicators:

  • Grucha Channel,
  • Profitable Trend strength,
  • pivot levels.

For Buy:

  • Price must close above upper band.
  • Profitable Trend strength confirmed with yellow bar buy at open next bar.

For Sell:

  • The price must close below lower band.
  • Profitable Trend strength confirmed with red bar sell at open next bar.

Exit Position:

  • At the level of the pivots;
  • Profit Target Predetermined: EURUSD 15 pips; AUDUSD 12 pips; GBPUSD 18pips.)
  • Set stop loss on the previous swing or 15-20 pips.

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