Forex trading strategies: Great Escape

Forex trading strategies - Grear Escape

Concept of  Forex Strategy 

– Using price action to identify potential out using Support and Resistance.

Time-frame and currency Pairs for forex strategy

Time-Frame: H1 and above.
Currency Pairs: All currency pairs.

Long Trade Setup for this forex strategy:

  1. Use at least 2 Lows and 2 Highs to identify the Support and Resistance respectively.
  2. Identify candle that closes above the Resistance.
  3. Entry Price is at the opening of the next candle.
  4. Stop Loss is 60% of the range below the Resistance.
  5. Take Profit is at 1:1 risk-to-reward ratio. If Stop Loss is 65 pips, T ake Profit will be 65 pips from Entry Price

Long Trade Example:

forex-trading-strategies-great-escape

forex-trading-strategies-great-escape

 

forex-trading-strategies-great-escape

forex-trading-strategies-great-escapeforex-trading-strategies-great-escapeforex-trading-strategies-great-escapeforex-trading-strategies-great-escape

The same with short Trade Setup for this forex strategy:

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