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CCI Forex Support and Resistance Strategy
This system works on a 15minute timeframe and applicable to any currency pairs.
Forex Indicators:
- CCI Custom Candle;
- Support and Resistance;
- MTF Trend envelopes 240;
- MTF Trend envelopes 60;
- All Pivots;
- CCI 14 (leve buy 75, level sell -75);
Rules:
- Trade only in the direction of the trend.
Long Entry:
- CCI Custom Candle Aqua.
- MTF Trend envelopes 240 an 60 below the candles,
- CCI14 above the level 75.
Short Entry:
- CCI Custom Candle red.
- MTF Trend envelopes 240 an 60 above the candles,
- CCI14 below the level – 75.
Exit positions:
There are 3 options to exit:
- On the pivot levels
- with profit target predetermined, depends by currency pairs.
- 3 pips before level support or resistance.
Stop loss must be 5 pips above or below MTF trend envelopes 60.
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