STEP 1: MONEY SEARCH IS CLEAR TREND

Remember when you trade a trend you already have half the edge.

To find a market with direction or not, this is quite simple, you can use trendline, Fibonacci lines, price channel, Andrew's Pitchfork, ... In this case, use trendline:


Obviously, if the trendline is out, the price tends to increase in short term.

STEP 2: PRICE MUST RECOVER AND TOUCH TO THE BELOW OF BOLLINGER BANDS

It could be close enough, but not too far away, as in this case it's fine:


Tip: If the distance between the lowest level of the candle and the lower boundary of the BBs is less than 5 pips, then it is considered to have reached step 2, it is not necessary to actually touch.

As you can see in the image below, the price in the channel increased but touched the lower boundary of the BBs.


At this point, we have a BUY signal, but we still have to wait for the confirmation of the price momentum, the tool to measure the price momentum that we need is the RSI.

STEP 3: SEE WHERE THE RSI IS


Once the price has hit the lower boundary of the BBs, we'll glance down at the RSI to see where it is.

RSI now needs to be 73 around 30 - 50, v2 especially it must have an increase corresponding to the price hit the BBs. If this condition is not met, it is considered that the upward force of the price is either absent or very weak. And so we will skip this setup.

Similarly, for the bearish trend, RSI should be around 70-50 and move down.
The move to increase the RSI for a BUY order looks like this:


STEP 4: ENTER THE ORDER WHEN CONDITIONAL 3 steps above

This step is the most engaging. As soon as you see the setup has gathered all of the above conditions and there is a bullish candle confirming everything. Now is the time to place a BUY order.

The H4 framework will probably have fewer opportunities, but every opportunity counts, and as you have seen the results.

STEP 5: SET STOPLOSS - TAKE PROFIT

With this strategy, we set a stop loss of about 30 - 50 pips depending on the pair.


As for the advantages, everyone understands simple, easy-to-use view, familiar tools, favored by traders around the world, gentle and pleasant.

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