This is the best 1hr strategy ever.
There are 3 basic rules for this strategy:
1. The only indicator you will need is the 20 period EMA.
2. Identify the market structure and market trend.
3. Downtrend market price needs to cross the 20 EMA and the next closure of candle must be red and it either needs to close below the low of the precious candle or it is a red candle.
Uptrend market price needs to cross the 20 EMA and the next closure of candle must be green and it either needs to close above the high of the precious candle or it is a green candle.
4. Risk-to-reward ratio I use is 1:1,4 just to make sure price smashes my target.
There are 3 basic rules for this strategy:
1. The only indicator you will need is the 20 period EMA.
2. Identify the market structure and market trend.
3. Downtrend market price needs to cross the 20 EMA and the next closure of candle must be red and it either needs to close below the low of the precious candle or it is a red candle.
Uptrend market price needs to cross the 20 EMA and the next closure of candle must be green and it either needs to close above the high of the precious candle or it is a green candle.
4. Risk-to-reward ratio I use is 1:1,4 just to make sure price smashes my target.