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3 Candles Reversal Forex Scalping Strategy
This is a scalping strategy that uses a 15 minute to higher timeframe with support and resistance indicator. This is the kind of system that determines reversal. It can be used during New York and London session and is applicable to any currency pairs.
Forex Indicators:
- Reversal indicator V.2 Numbers of Candles (3)
- Pivot Points levels.
- JMO indicator ( 3,3,3).
Long Entry:
- The buy arrow must appear.
- Enter long trade when the JMO indicator crosses upward.
Short Entry:
- The sell arrow must appear.
- Enter short trade when JMO Indicator crosses downward.
Exit Position:
- Quick take profit: (15 min: 8-10 pips, 30 min: 12-16 pips or at the pivot points levels).
- Place stop loss at 15 pips below or above the entry bar.
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