EMA Channel Forex Pivot Points Strategy

This pivot stratgey is a scalping startegy. Any currency pairs will work on this system. This is applicable for 1 hour timeframe.

Forex Indicators:

• Channel EMA 8 (8 EMA close. 8 EMA Low);
• MACD (12; 26, 9);
• Fibopivot2 or any pivot indicator;

For LONG:

• Buying signals if is a closure of the price above a pivot level.
• The price is greater EMA channel and line of the MACD is less than the histogram.

For SHORT:

• Sellingsignals if is a closure of the price below a pivot level.
• The price is less than EMA channel and line of the MACD is greater than the histogram.

Stop Loss

• For buy 5-7 pips below the Ema channel;
• For Sell 5-7 pips above the Ema channel.

Profit Target

• 1 On the pivot level or 10-16 pips.

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