73# BO7A GBP/GPJ/ Trading System
daily pivot fibo and EMA forex System
Submit by Forexstrategiesresources
Time Frame H1
1-ema 7 (yellow)
2-ema 15 (red)
3-ema 90 (white)
1-we detect trend using ema 90 if the price is over the line then we are in an up trend and we are looking only for long positions , and if the price is under the line then we are in down trend and we are looking only for short positions.
2-we use the crossover of ema 7 with ema 15 to determine the entry point , we don't enter immediately after the intersection but we wait until the price retest ema 7.
3-we use the daily pivot fibo to determine the exit point and we exit at the first level that meets us or before it.
4-use safety stop loss at 75 points and u can use hedge if you like it.
5- don't enter with very big candles or with news and in vacation
In the pictures BO7A GBP/GPJ forex system in action.
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