Trend Line Scalper is consistently profitable system with a good R: R of 1:2. It offers a simple, yet efficient way to scalp the forex on 1 min forex charts. The approach is composed of the stochastic oscillator as well as rising or falling trend lines. You can use around most currency pairs to trade. Price objective should be 20 pips or above. The best times to trade are Euro and Us Session. The suitable time frame is 1 Min.
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You will draw an important rising trend line in an up trending market. The currency pair moves away towards the growing trend line but doesn’t close below. You will open a buy trade if the stochastic oscillator turns back more than 20 from oversold readings lower than 20. You will place your stop loss 1 pip below the rising trend line.
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