pair: GBPUSD
time frame: daily
techniques open position:
Formula: = Pivot Point HLC / 3 (GBPUSD, TF daily at 15.00 pm)
- specify the pivot point by summing the highest price + lowest price + the price of the last candle close daily, divided into 3 or in other words, High + Low + Close / 3, at 3 london OPEN fitting session.
- after the pivot point is found, it can determine the position to be taken to OPEN.
- pairs of pending order Buy Stop at a price pivot point is added 20pips and install pending order Sell Stop with the pivot point is reduced 20pips. Target profit 40pips, Trailing Stop 20pips, without a stop loss.
good luck .... hopefully profit
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