Advanced Trendline Scalping Strategy Trading System
Time Frame: 1min, 5min.
Pairs: EUR/USD, GBP/USD.
Forex Indicators:
75 EMA (1min Chart), 50Ema (5min Chart)
Advanced Trendline
Long Entry
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The 50 exponential moving average is sloping up and the currency exchange price is trading above the 50EMA.
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Draw falling trend lines in the up trend (see chart above).
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BUY the if the price breaks and closes above the falling trendline.
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Place your stop loss 3 pips below the breakout candlestick. Your stop loss should never exceed 15 pips, stop loss minimum 10 pips.
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Take profit is 8 pips (EUR/USD), 10 (pips GBP USD).
Short Entry
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The 50 exponential moving average is sloping down and the currency exchange price is trading below the 50EMA.
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Draw rising trend lines in the downtrend.
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SELL the if the price breaks and closes below the rising trend line.
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Place your stop loss 3 pips above the breakout candlestick. Your stop loss should never exceed 15 pips, stop loss minimum 10 pips.
