Forex Wave Trading System

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Forex Wave Trading System

Forex Wave Trading System price retraces into the wave from above the wave
wait a candle that closes above the wave. price retraces into the wave from below the wave
wait a candle that closes below the wave

Time Frame: 1 min, 5min,15min, 30min
Currency Pairs: all.

Forex Indicators:
34EMA High (green)
34EMA Low (Red)
34EMA close (white)
161EMA
Pivot
Stochastic (8,3,3,)
RealMACD (5, 15,5)

Long Entry
When the price retraces into the wave from above the wave
wait a candle that closes above the wave
with Stochastic >50 and MACD>0
Short Entry
When the price retraces into the wave from below the wave
wait a candle that closes below the wave
with Stochastic

Setting for 30 min time frame
Stop Loss
for sell 2 pips above 34 EMA close.
for buy 2 pip below 34 EMA close.

Profit Target on the level pivot or 35 pips.

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