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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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