Hey Gang,
Here is another strategy, very profitable and easy to follow.
LONG TRADE:
* 1HR Chart.
* 6 (CLOSE) EMA
* Wait for a candle that is below 6 EMA and doesn't touch 6 EMA.
* Wait for next candle that touches the 6 EMA.
* From the candle touching 6 EMA, count 10 candled backward and forward and draw a line from 10 candles forward to high of 10 previous candles.
* Wait for the candle to close above this line drawn and the next candled to retrace back to that line for long trade with SL of 5pips below the low of candle not touching the 6 EMA.
* TP 2 or 3 times of risk.
See below.
Here is another strategy, very profitable and easy to follow.
LONG TRADE:
* 1HR Chart.
* 6 (CLOSE) EMA
* Wait for a candle that is below 6 EMA and doesn't touch 6 EMA.
* Wait for next candle that touches the 6 EMA.
* From the candle touching 6 EMA, count 10 candled backward and forward and draw a line from 10 candles forward to high of 10 previous candles.
* Wait for the candle to close above this line drawn and the next candled to retrace back to that line for long trade with SL of 5pips below the low of candle not touching the 6 EMA.
* TP 2 or 3 times of risk.
See below.