Last updated:
System Forex Pivot Point Strategy
This pivot strategy uses 5 minute timeframe and is applicable to major pairs.
Forex Indicator:
- Pivot Points
Long Trades:
- The currency price must trade in the vicinity of the oversold S1 or S2 support level.
- Price isn’t able to close below S1 or S2 (otherwise skip the trade).
- Wait for the price to be bullish in the vicinity of S1 or S2.
- Now go long according to the bullish pattern’s trading rules and place stop accordingly.
- Target Profit five pips before the Pivot level.
Short Trades:
- The currency price must trade in the vicinity of the overbought R1 or R2 resistance level.
- The price isn’t able to close above R1 or R2 (otherwise skip the trade).
- Wait for the price to be bearish in the vicinity of R1 or R2.
- Go short according to the bearish pattern’s trading rules and place stop accordingly.
Level up your trading
Learn to read the chart — not just the indicator
eBook · Instant PDF
The Candlestick Playbook
Read and trade 40+ candlestick patterns — with exact entries, stops and exits.
Video Course · 12 modules
The Price Action Masterclass
Read clean charts the no-indicator way — pin bars, support & resistance, entries and exits.
Recommended MT4/MT5 Brokers
XM
- ✓ *FREE *$50 to start (withdrawable)
- ✓ Deposit bonus up to $5,000
- ✓ Negative balance protection
Trading forex and CFDs carries a significant risk of loss and is not suitable for everyone. Broker links are affiliate links — we may earn a commission at no cost to you.
Forex Strategy Download:
Enter Your Email Address below, download link will be sent to you.
Get Download Link