Level Reversal Forex Pivot Points Strategy
This system works on a 4 hour and daily timeframe. Applicable pairs to this strategy are: AU, EU, UC, UJ, UCHF, NU, GU,
AC, CJ, GJ, EJ, GA, EG, ACHF and GC.
Forex Indicators:
- Pivot points Levels,
- JMO indicator.
BUY ENTRY:
- The price must break a support Pivot Point level
- Wait that JMO indicator come back up from overbought area and crosses upward.
SELL ENTRY:
- The price must break a resistant Pivot point level.
- Wait that jmo indicator come back down from oversold area and crosses downward.
Place your stop loss 10 pips above or below the previous swing.
Target:
- First target is 20 pips.
- Second target is 50 pips.
And you can look to close above 50 pips if you see fit.
Profit Target also on the Pivot points levels or Fibonacci levels.
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