12# Candlestick Patterns with Rainbow
Price action Forex Trading System
Submit by Maximo Trader 08/03/2013
Time Frame 30 min or higher.
(EMA's) Exponential moving averages : 3-4-5-6-7-8-9-10-11-12-13-14-15-16-17-31-32-33-34-35-36-37-38-39-40-41-42-43-44-45-46-47
If Buy Candlestick Pattern is above of the (rainbow) green exponential moving averages open a buy order at open the next bar.
If Sell Candlestick Pattern is below of the (rainbow) red exponential moving averages open a sell order at open the next bar.
Exit position: (for intraday trading)
for buy 2 pips below the previous swing.
for sell 2 pips above the previous swing.
Profit Target at the Pivot levels or 15-20 pips.
In the pictures Candlestick Patterns with Rainbow forex system in action.
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Candlestick Forex Strategies