Price Action Fractal Scalping Strategy

03.02.2017 / 14:25

Rating:

Time frame: 5 minutes

Forex: EUR / USD, AUD / USD, GBP / USD

Indicators: Fractals, 6EMA, 12EMA, 34EMA

BUY:

6EMA is above 12EMA, which is above 34EMA.

The Up Fractal need to form above the EMAs for LONG.

We open a buy trade when the price is higher than the Up Fractal by 2 pips.

SELL:

6EMA is bellow 12EMA, which is bellow 34EMA.
The Down Fractal needs to form below the EMAs for SHORT.
We open a short trade when the price is lower than the Down Fractal by 2 pips.

STOP LOSS:

Put SL a tick bellow the previous fractal pointing down for LONG or one tick above the previous fractal pointing upwards for SHORT.

TAKE PROFIT:

EUR/USD – 8 pips

AUD/USD – 6 pips

GBP/USD – 10 pips

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Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Price Action Fractal Scalping Strategy

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