KG Sea Wave Forex Scalping Strategy

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KG Sea Wave Forex Scalping Strategy

This scalping strategy may look complicated but actually it is easy to identify trading opportunities. It can work on a 5 minute or higher timeframe and can be applied to any currency pairs. But the lower the spread, the safer the trade will be.

Rules for Buy Entry:

  • All waves must be blue.
  • Candle must open above the upper envelope 62.

Rules for Sell Entry:

  • All waves must be red.
  • Candle must open below the lower envelope 62.

Exit Position:

  • If you are in LONG position, stop loss should be place 3 pips below lower envelope. 3 pips if you are in short position.
  • Refer to target point indicator for target profit.

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