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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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