System Forex Pivot Point Strategy

This pivot strategy uses 5 minute timeframe and is applicable to major pairs.

Forex Indicator:

• Pivot Points

Long Trades:

• The currency price must trade in the vicinity of the oversold S1 or S2 support level.
• Price isn’t able to close below S1 or S2 (otherwise skip the trade).
• Wait for the price to be bullish in the vicinity of S1 or S2.
• Now go long according to the bullish pattern’s trading rules and place stop accordingly.
• Target Profit five pips before the Pivot level.

Short Trades:

• The currency price must trade in the vicinity of the overbought R1 or R2 resistance level.
• The price isn’t able to close above R1 or R2 (otherwise skip the trade).
• Wait for the price to be bearish in the vicinity of R1 or R2.
• Go short according to the bearish pattern’s trading rules and place stop accordingly.

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