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Forex “H1 and H4 TF Chart” Trend Line Price Action Momentum Trading System


High accuracy “Forex “H1 and H4 TF Chart” Trend Line Price Action Momentum Trading System“. This system uses two timeframes – theH1 and H4.

  • Time Frame: H1 and H4
  • Currency Pairs: GBPUSD, EURUSD, USDJPY, GBPJPY, AUDUSD, and USDCAD

A trend line is used to determine the direction in which the market is moving. Once this is determined and all indicators line up on the H4, you will check to see if the same happens on the H1, if yes, enter long or short trades as necessary.

 

MetaTrader Trading Indicator
  • Moving Average
  • MT4 Stop Level Reversed
  • RSI

 

BUY Rules

Trading NOTES

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  • Market breaks a downtrend line
  • Market moves above the Moving Average and MT4 Stop Level Reversed
  • RSI line above 55 level

 

SELL Rules

  • Market breaks an uptrend line
  • Market moves below the Moving Average and MT4 Stop Level Reversed
  • RSI line below 45 level

 

Trading NOTES
  • Initial stop loss above or below the previous candle
  • Best Risk Reward Ratio 1:2 or 1:3

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