Trading Forex Pivot Points Strategy

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Trading Forex Pivot Points Strategy

This system uses a 15 min, 30min and 1 hour. This is applicable to all currency pairs.

Forex Indicators:

  • Pivot Points levels
  • Fibonacci Support and Resistance

SCENARIOS:

The price is below the Pivot but above S1.

  • Buy above the pivot, (if price reaches above pivot)
  • Sell below S1(if the prcies goes below S1).

The price is above Pivot but below R1.

  • Buy above R1 (if the price reaches above R1).
  • Sell below Pivot(if the price goes below Pivot).

The price is very near to pivot (+/- 0.02%)

  • Buy above R1 (if the price reaches above R1).
  • Sell below S1(if the price reaches below S1).

The price is between R1 and R2.

  • Buy above R2 (if the price reaches above R2).
  • Sell below Pivot(if the price reaches below Pivot). Take note, do not sell below R1. You must sell below Pivot.

The price is between S1 and S2.

  • Buy above Pivot (if the price reaches above Pivot).
  • Sell below S2(if the price reaches below S2). Take note, do not buy above S1, buy only above pivot.

The price is between S2 and S3.

  • Same rule applies as rule 5. Buy above pivot sell below S3.

The price is between R2 and R3.

  • Same rule applies as rule 4. Buy above R3 sell below Pivot.

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