1. Price is in an up trend
2. Previous resistance become support
3. Bullish engulfing bar completed
4. Supported by 8 simple moving average
The high of the engulfing bar has to be broken for the trade to be valid. Stops for this strategy is best placed a few pips below the engulfing bar and targets must be at least 2x sl value...
Don't invest what you can't...
Step 1 - Apply 8 & 20 sma to chart
Step 2 - Apply ma crossover alert to chart
Step 3 - Enter at candle close as 8 sma crosses above 20 sma
Step 4 - SL below crossover point
Step 5 - You determine TP point
Look for our "Best Trading Indicator" for MT4/5
8 sma cross over of 20 sma with Alert
Alert can be sent to any of your devices
PM me for the complete pdf of this strategy if you are interested