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Trendline Demark Forex Breakout Strategy
This strategy is based on a trendline price action. This will guide us when to buy or sell, where to place stop loss and target profit. Aside from forex, this can be used also to other markets, such as CFD,
futures, indices and metals. Use this strategy on a 1 hour or higher timeframe.
Forex Indicators:
- Demark Breakout
- BB band stop alert
Rules for LONG entry:
- Price must break the area above the blue line.
- Last arrow signal was from a blue arrow/dotted blue line.
- Place stop loss at the dots after you enter the market.
- Take profit at the horizontal target line.
Rules for SHORT entry:
- Price must break the area above the red line.
- Last arrow signal was from a blue arrow/dotted blue line.
- Place stop loss at the dots.
- Take profit at the horizontal target line.
NOTE:
- There will be no trade if conditions are not met.
- Use trail stop to lock your profit.
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