Profitable trading strategy setup 1. Set the price chart to d | Global Trade Forex
Profitable trading strategy setup
1. Set the price chart to daily candlesticks 2. Add a 200-day moving average 3. Find a forex pair which has been above the 200-day moving average for at least 20 days 5. Wait for the price to retrace 6. Draw a Fibonacci tool from the start of the last price rally to recent high 7. Wait for a pin-bar pattern at either the 38.2%, 50% of 62.8% Fibonacci levels 8. Enter a market order to buy at the open of the next day (new candlestick) 9. Set a stop loss under the low of the pin bar pattern 10. Set a Take Profit limit order 2x the distance of the stop loss. 11. Wait for either take profit or stop loss to be triggered The chart setup should look like above #TradeSmart
GTF Are A Group Of Experienced Traders And Analysts, Using Advanced Trading Strategies Dedicated To Help Retail Forex Traders Be Profitable By Using Our Copy Trade Indications. @GTFadmin. www.globaltr...
