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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