Range Forex Breakout Strategy

This is a breakout system where we look at the break of the market from its ranging situation. This works in a 15 minute timeframe and applicable to any of the currency pairs.

Forex Indicators:

• Fractals
• Fractals support and resistance
• IB+OB
• anti-GUBreakout
• Xi- breakout
• Bn levels
• MA Envelope 50

Long Entry:

• The candle of the price breaks and closes above goldenroad line.
• The price must be greater than Xi dashboard line aqua.

Short Entry:

• The candle of the price, breaks and closes below up goldenroad line.
• The price must beless than Xi dashboard line aqua.
• Set stop loss on the 50 MA red.
• Target profit is at 0-60 pips depends by currency pairs:

Recommended: EURUSD 50 pips, USDCHF 40 pips, USDCAD 40 pips, GBPUSD 60 pips, GBPJPY 60 pips, EURJPY 55 pips.

Optional, after 30 pips in gain, move stop loss at entry price.

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