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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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