This trading strategy gives a chance to gain profit when you open a position at the price reversal. The reversal is determined with the help of the indicators Ichimoku Kinko Hyo and Awesome Oscillator. This strategy works for all currency pairs. Choose H1 or a longer period as a timeframe.
After adjusting a chart and adding the required indicators for opening a trading positions, follow the instructions below:
A signal for opening long positions will be the situation on the chart, which meets the following conditions:
- the candlestick has closed above the line Senkou Span B of the indicator Ichimoku Kinko Hyo;
- histogram of Awesome oscillator is of the green color and is located above the zero level.
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