Price Action Fractal Scalping Trading System

Submit by Forexstrategiesresources

Time Frame:5min

Pairs: EUR/USD, AUD/USD, GBP/USD

Metatrader Indicators:

Fractal,

6EMA, 12EMA, 34EMA

Long Entry:

6EMA is higher than 12ema which is higher than 34ema;

The Up Fractal need to form above the EMAs for LONG;

We open a buy trade when the price is higher than the Up Fractal by 2 pips as shown in the following picture.

Short Entry:

6ema is less than 12ema which is less than 34ema;

The Down Fractal needs to form below the EMAs for SHORT ;

We open a short trade when the price is lower than the Down Fractal by 2 pips.

Exit

The trade will exit by itself after we set the stoploss just below the previous up fractal for short trades or just below the down fractal for a long trade. The takeprofit :6 pips AUD/USD, 8 pips EUR/USD, 10/pips GBP/USD.

In the picture below an example of how works the strategy.

Share your opinion, can help everyone to understand the forex strategy.

For trade I recommend to choose Broker with MT4 >>