JMO Pivot Forex Scalping Strategy

This is a strategy that uses price action and JMO indicator. This works in a 15 minute timeframe and is applicable to major currency pairs.

Metatrader indicator:

• Pivot Levels Scalping Metatrader indicators:
• LC-Pivot,
• Jmo V.5 (3). overbought >85; oversold<15.

Sell Entry:

• The price must touch the pivot levels.
• JMO is in overbought zone greater than 85 level.

Buy Entry:

• The price must touch the pivot levels.
• JMO is in oversold zone less than 15 level.

Exit position:

• Exit on the next pivot levels.
• Take profit at 7 pips for AUDUSD, 8 pips for EURUSD, GBPUSD 10 pips and USDCHF 8 pips.
• Stop loss Ratio 0.8 Profit Target.

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