Grucha Channel Forex Breakout Strategy

This is a breakout strategy that is for scalping and works on a 15 minute chart. This is applicable to any currency pairs and can only be used in New York and London Session.

Forex Indicators:

• Grucha Channel,
• Profitable Trend strength,
• pivot levels.

For Buy:

• Price must close above upper band.
• Profitable Trend strength confirmed with yellow bar buy at open next bar.

For Sell:

• The price must close below lower band.
• Profitable Trend strength confirmed with red bar sell at open next bar.

Exit Position:

• At the level of the pivots;
• Profit Target Predetermined: EURUSD 15 pips; AUDUSD 12 pips; GBPUSD 18pips.)
• Set stop loss on the previous swing or 15-20 pips.

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