Forex Strategy 001 - Simple - Blue Mountain - 30 PIP target, 15 PIP stop loss

Author: UKspreadbetting Pair: Gbp/Jpy Timeframe: 5M Indicators: 25 period EMA Entry: at the break of the low of the pinbar.

Directions: This strategy means that we're looking for at least 30 degree slope (very strong trend) and price is above 25 EMA. I also setup 50 SMA to clearly show the trend. THEN, we are looking for a pinbar on the 25ema, placing a trade with a 20 pip target into direction of the trend and setting a set SL of 15 pips. Place a pending STOP SELL at the break of the last low (candle with large wick) for another 10 PIPS. Let It Snow Setup This setups occurs on a 30 min chart❄️ (see above) for a much larger target; your second entry will be very close to the Middle Bollinger band.
Stats for this strategy