CADCHF - Pivot, Ketlner, ADX & Stochastic 21 Apr 2021

trend: crossing 2 times upper 2/lower 2 - stop/profit: 1/1 - Entry: Upper/lower 1, Entry 2: 0.66 (66%) - rsi: 21/70/30 - sto: K:21, d=3, smooth:3, Up: 80, Down: 20, D at Up: 80, D at Down: 20 -
HH-Hl/LL-LH: 20:20; ADX: 34, smooth: 9, DI: 9.
Order 1: 61.38% R/R: 1/1
Order 2: 51.24% R/R 1/1.94 (66%)

1. Identify the trend
* On the chart:
a. Part of Dow theory: multi-trades active at the impulse waves.
Uptrend trend:
- HH / Higher High: The following peak is higher than the previous one .
- HL / Higher Low: The back bottom is higher than the previous one .
Downtrend:
- LL / Lower Low: The back bottom is lower than the previous one .
- LH / Lower High: The posterior peak is lower than the previous one
b. Keltner price channel:
- Uptrend: Go above Upper 2
- Downtrend: Down to Lower 2
* Under Chart:
Stochastic indicator: 21 past candles
- Uptrend: Index K and D surpass 80
- Buy zone: Index D is large 80.
----------------------------
- Downward trend: K and D indexes go down to 20.
- Sell zone: Index D is less than 20.

RSI indicator: 21 past candles
- Uptrend: value exceeds 80.
- Downward trend: value exceeds 20.

ADX indicator: Used to identify a strong trend
- ADX smooth: 9
- DI: 9

2. Entry point:
- Buy: wait to buy on the Upper Keltner channel.
- Sell (sell): wait for sell at the Lower Keltner channel.

3. Take profit, stoploss
ATR indicator (20) ( Average true range ) * 2