Trend line Breakout Trading with CCI Woodies Filter

This “Trend Line Breakout Trading with CCI Woodies Filter” is an Intraday forex strategy price action based on Trendline indicator filtered by CCI Woodies LNX V6.

• Time Frame: M30, H1, and H4
• Currency Pairs: EURUSD and GBPUSD

 

• I_TDTL_v2 Trend line Indicator
• Spud Fibo
• CCI Woodies
• XPV7 XPMA line

 

• Wait for the bar to close above the green line of I_TDTL_v2 Trendline Indicator
• Price has to be above the blue color XPV7 XPMA line
• CCI Woodies bullish
  • blue color bars
  • the  blue EMA line above 0 level

 

• Wait for the bar to close below the red ine of I_TDTL_v2 Trendline Indicator
• Price has to be below the red color XPV7 XPMA line
• CCI Woodies bearish
  • red color bars
  • the blue EMA line below 0 level

 

• Risk Reward Ratio 1:3 or make a profit on the levels of the spud fib indicator
• Initial stop loss 200 pips above or below the entry bar

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