Fractal-Based with RSI Forex Support and Resistance Strategy

This strategy is a price action strategy and works in any timeframe and any currency pairs.

Long Entry:

• Open a buy position when If candle closes above FB resistance.

Short Entry:

• Open a short when candle closes below FB support.

RSI filter is On.

• Central line Filter
• Only enter buy/long if RSI(8) is greater than 50
• Only enter sell/short if RSI(8) is less than 50

Overbought/Oversold Filter

• Only enter buy/long if RSI(8) greater than 60
• Only enter sell/short if RSI(8) is less than 40

Place stop loss 5 pips below entry bar.

Profit Target: on Support and Resistance or aggressive.

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