Last Updated on May 9, 2025 by Tim Morris

Price Action Forex Candlestick Strategy

This strategy is applicable to any currency pairs and it’s trading style is base on the price action. Just set the timeframe to 1 hour.

Forex Indicators:

• CPI Candlestick Pattern
• Pivot Daily.

Sell Entry:

• The price must be below a pivot level after when appears an bearish pattern.
• Place an pending order 2 pips below the Bear Pattern.
• If the price do not breaks the order, delete order after three bars.

Buy Entry:

• The price must be above a pivot level after when appears an bullish pattern.
• Place an pending order 2 pips above the Bullish Pattern.
• If the price do not breaks the order ,delete order after three bars.

Exit position

• Stop loss for sell 5 pips above the pivot level;
• Stop loss for buy 5 pips below the pivot level;
• Profit Target at the next level pivot or 15 -20 pips.

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