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Trading Strategy

 

Trading Strategy

Timeframe H1-H4

After a first fractal break on the opposite direction of the trend, wait for a bounce to this level and enter on the next candle close of new trend direction.

Risk reward 1:1.5 or move the stop loss 2 candles behind.

Add 50 SMA for reference on trend direction (bullish or bearish)

Attached image.

Red vertical line is the candle when the first fractal break happened.

Stop Loss: red line

Entry: blue line

Take profit: green line (using 1:1.5 risk reward ratio)

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Wed, 11/21/2018 - 11:54am