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Forex strategy "1-2-3, RSI + MACD"

Any currency pair can be traded

Indicators: 5,10,20 EMAs - RSI - MACD

Time frame: use 15min charts ( bigger time frames to slow and bigger stops)

Entry rules: On an down trend wait for a higher low.
Find a 1-2-3 setup
Enter long just below 2 with stops just under 3
RSI MUST be above 50
MACD must be or just about to cross over.

Exit rules: Once you have reached to same distance as risked close out.

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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