88# Forex Winning Solution Strategy
Support and Resistance Strategy
Price Action Momentum
Submit by Dimitri
Forex Winning Solution Strategy is a price action strategy based on support and resistance filtred by stochastic oscillator and a relative direction. This price action strategy is very interesting because it tries to intercept the price with the momentum impulse but optionally also with a directionality that agrees with the support and resistance levels.
Currency pairs: Majors, Minors, Stock indices, Gold.
Metatrader 4 Indicators:
Support and Resistence Zone,
Trend Cloud Indicator (formes by TTF and stochastic slow), (optional).
Colored Stochastic indicator.
Trading Rules Forex Winning Solution Strategy
Trading in the direction of Support and Resistance, of the momentum and the trend-cloud (optional).
Price bounces of the support zone.
The gray square appears below the bar/candle.
Stochastic oscillator (below the main chart) crosses upward.
The cloud is green optional.
Price bounces of the resistance zone.
The gray square appears above the bar/candle.
Stochastic oscillator (below the main chart) crosses downward.
The cloud is red optional.
Place initial stop loss below/above the support/resistance zone.
Profit target options:
before the zone of support and resistance.
Ratio stop loss from 1:1 to 1:1.3.
When appers the opposite grey square.
This is a winning price action momentum forex strategy.
In the pictures Forex Winning Solution Strategy
Telegram channel: https://t.me/freeforexresources
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