Pivot Points Levels Day Trading Strategy is a support and resistance strategy for day trading, filtered by trend momentum indicators, It's based on MACD, RSI, Exponential Moving Average 50 periods and Pivot Points Level as support, resistance lines stop loss and take profit. This system can be very profittable. This is a winning strategy.
Time frame 30 min or H1.
Currency pairs: EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF.
Forex Indicators setting:
Exponential Moving Average 50 periods, close.
RSI 14 period, close,
MACD (8, 17, 9),
Pivot Points Levels.
Rules Pivot Points Levels Day Trading Strategy
Buy
The price close above 50 EMA.
The MACD hisogram is above 0 line.
The RSI is above 50 level.
The entry is above a broken the pivot points level.
The stop loss is placed below the closet next pivot points level.
The profit target is placed at nearest pivot point level.
Sell
The price close below 50 EMA.
The MACD hisogram is below 0 line.
The RSI is below 50 level.
The entry is below a broken the pivot points level.
The stop loss is placed above the closet next pivot points level.
The profit target is placed at nearest pivot point level.
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