Level Reversal Forex Pivot Points Strategy

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Level Reversal Forex Pivot Points Strategy

This system works on a 4 hour and daily timeframe. Applicable pairs to this strategy are: AU, EU, UC, UJ, UCHF, NU, GU,
AC, CJ, GJ, EJ, GA, EG, ACHF and GC.

Forex Indicators:

  • Pivot points Levels,
  • JMO indicator.

BUY ENTRY:

  • The price must break a support Pivot Point level
  • Wait that JMO indicator come back up from overbought area and crosses upward.

SELL ENTRY:

  • The price must break a resistant Pivot point level.
  • Wait that jmo indicator come back down from oversold area and crosses downward.

Place your stop loss 10 pips above or below the previous swing.

Target:

  • First target is 20 pips.
  • Second target is 50 pips.

And you can look to close above 50 pips if you see fit.

Profit Target also on the Pivot points levels or Fibonacci levels.

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