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H1 forex strategies

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This is an explicit breakout. Please note that the price bounces at the same level earlier. This means this is a double bottom support level on the bigger chart. This is an H1 chart. Thus, this must be a double bottom support level of the H4 chart. The next candle closes below the breakout candle. It confirms the breakout. The sellers may trigger a short entry right after the last candle closes by setting stop-loss above the level where the trend starts and setting the take profit with 1R.

The price heads towards the South with extreme pressure. The price is about to hit the target on the next candle after triggering the entry. It does not, but the sellers get their message. A strong bearish candle like this suggests that the pair would remain bearish at least for two more candles. That would be enough to hit the target. The chart produces a bullish inside bar before hitting the target. If we count, it takes only three candles to hit take profit level. As mentioned, the H1 breakout strategy hits take profit level in a hurry.

So does this one. If we calculate the next candle after the signal candle, we see that the candle comes out as a very strong bearish candle and generates strong bearish momentum. This is often seen when the H1 chart makes a breakout at a level, which is a double top or double bottom level on the H4 chart too. File size. Page Flip. Word Wise. Enhanced typesetting. See all details. Next page. Customers who bought this item also bought.

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Catch 1000 PIPS with this Proven H1 Timeframe FOREX Swing Trading Strategy - Simple and easy trades

Keltner & MA H1 Trading Strategy is a universal classic system based on the Keltner Channel and MA indicators. The strategy has been successfully applied by. 50 pips a day forex trading strategy on the metatrader 4 platform Source: Admirals MetaTrader 4, EURUSD, H1 chart (between 26 May to H1 Secret indicator & Strategy To Be Successful in Forex Trading - A Million Dollar E-Book: Make Dollars A Month eBook: Ali, Usman: bulv.shelu.xyz: Kindle.