3# Fractal-based Support and Resistance , RSI Filter Trading System
Price Action Trading System
Submit by joy22
This an is price action trading system.
Time Frame Any
Long Entry Position:
1: If Candle closes above FB resistance, open long postition.
2: If Candle closes below FB support, open short position.
I RSI filter is On.
Central line Filter
1: Only enter buy/long if RSI(8) > 50
2: Only enter sell/short if RSI(8) < 50
1: Only enter buy/long if RSI(8) > 60
2: Only enter sell/short if RSI(8) < 40
Stop Loss 5 pips below entry bar.
Profit Target: on Supporte and Resistance or aggressive.
In the pictures Fractal-based Support and Resistance, RSI Filter forex system in action.
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Fractal Forex Strategies