Friday, November 13, 2020

 Forex Trend Strategy with Fibonacci Retracement is trend following strategy but it is based on the lines of the support and resistance of Fibonacci .



Time Frame 60 min.

Currency pairs:any also metals and Oil.


Forex indicators

  • Exponential moving aerage (perios 150);

  • XIT Fibs (Fibonacci Retracement);

  • Stochastic indicator

Rules for Forex Trend Strategy with Fibonacci Retracement Trading System

  • Enter a trade on the retracement.

  • Identify the Trend of the market (exponential moving average 150);

  • Wait for the price retrace an hit a Fibonacci level;

  • Check the stochastic indicator for Oversold and Overbought;

  • Stop loss (60 min time frame) 30 pips, Profit Target on the next Fibonacci level or 50-60 pips.

  • The advantage of this trading system is the excellent ratio profit/loss and has good profitability.

  • This trading system is discretionary this thing, it can be a disadvantage for principianti, so it is suitable for those with experience in trading.


Video Tutorial:




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Start trading Forex without risking Money.
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