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KG Sea Wave Forex Scalping Strategy
This scalping strategy may look complicated but actually it is easy to identify trading opportunities. It can work on a 5 minute or higher timeframe and can be applied to any currency pairs. But the lower the spread, the safer the trade will be.
Rules for Buy Entry:
- All waves must be blue.
- Candle must open above the upper envelope 62.
Rules for Sell Entry:
- All waves must be red.
- Candle must open below the lower envelope 62.
Exit Position:
- If you are in LONG position, stop loss should be place 3 pips below lower envelope. 3 pips if you are in short position.
- Refer to target point indicator for target profit.
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