CCI Forex Breakout Strategy

This is a breakout strategy that focuses on a 15 minute timeframe or higher and applicable to all pairs.

Forex Indicators:

• CCI 20 (Commodity Channel Index, Period 20, Typical Price)
• The Wave (EMA34 High, EMA34 Close, EMA34 Low)
• Uptrend: The price has already crossed the Wave upward and the price is above the Wavebottom.
• Downtrend: The price is below the the Wave-top.

Long Entry:

• Price must be above the wave for some time.
• Price entered the Wave.
• Price is above the wave then it will cross the wave-top downward.
• Enter long on the next candle when CCI crosses +100 line upward.

IMPORTANT REMINDER:

• CCI is below the +100 line for at least five bars before the cross.
• Market must be trending up.
• Check that the price is above the wave-bottom as with the first rule.
• Buy at opening of the new candle when above conditions are met.

Short entry:

• CCI must crossed the -100 line downward.
• The candle must close below -100.
• The market must be trending down.
• The price must be below the wave-top.
• Have a valid swing pattern.

To exit position:

• Place the profit target at Fibo Pivot;
• Stop Loss at level meddle wave.

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