Phase Zone Forex Breakout Strategy

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Phase Zone Forex Breakout Strategy

This system is based on the breakout of the support and resistance area. It works on a 1 hour and 4 hour timeframe and is applicable to any currency pairs.

Forex Indicators:

  • Phase V.8;
  • MA-Shade 5-25;
  • Damiani Volameter (7,50, 1.3, true).

Long Entry:

  • The price must break the support or resistance area (red zone or green zone) from down to up.
  • MA-shade green bar.
  • Damiani Volameter green line above white line (optional)
  • Initial stop loss 5 pips below the Phase Zone H1 TF ( TF H4 15 pips)
  • Make profit on the next pivot level or profit target predetermined ratio 1.3 stop loss.

Short Entry:

  • The price must break the support or resistance area (red zone or green zone) from up to down.
  • MA-shade blue bar.
  • Damiani Volameter green line above white line (optional).
  • Initial stop loss 5 pips above the Phase Zone H1 TF ( TF H4 15 pips).
  • Make profit on the next pivot level or profit target predetermined ratio 1.3 stop loss.

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