AMONGAI FOREX TRADING SIGNALS (FREE) – Telegram
AMONGAI FOREX TRADING SIGNALS (FREE)
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Momentum trading strategy

📝Strategy setups
🟢Instruments: any
🟢Indicators: Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD) with the default settings.
🟢Timeframe: H1 - H4
🟢Risk management rules: 2-5% as margin from the overall balance

🐂 Rules for a long entry

🔢 Spot a moment when the RSI is below 30, and the MACD signal line is above the histogram line.
🔢 Wait until the RSI rises above 30 and the MACD signal line falls below the histogram line.
🔢 Enter a buy trade.
🔢 Set take profit at the resistance level or when a “sell signal” occurs.
🔢 Set stop loss according to your risk-reward ratio (1:3 - 1:5 is recommended) or below the recent low.

🐻 Short entry rules are fully inverted!
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👍Closed trades👌
🏆Alliance Forex Signals Team 🏆