We continue to look for your entry points into the market. Let's look at another interesting pattern for finding the entry point to the market.
Indicators: CCI with a period of 200, close, levels 50 and -50. Stochastic with parameters: 5, 3, 2. Timeframe: H1 Currency: EURUSD
The essence of the idea: we will look for inputs after the pulse, which will show us the indicator CCI 200. To avoid a multitude of false signals, we will enter the market once after the impulse, at the end of the first price correction.
Rules for entry into position: We buy if: The closing price of the asset crossed the level of 50 CCI 200 bottom-up (case 1); After that we wait for the end of the price correction after returning it below the zone 50 of the CCI 200 indicator (case 2). We enter the Buy at the intersection of the Stochastic indicator of the zone 20 from the bottom up (case 3). We sell if: The closing price of the asset crossed the -50 CCI 200 level from top to bottom (case 1); After that, we wait for the end of the price correction after returning it above the -50 zone of the CCI 200 indicator (case 2). We enter sales at the intersection of the Stochastic indicator of zone 80 from top to bottom (case 3).
Exit position: The exit from a trade can be at a fixed profit, or at a given trailing stop value.