#678 Forex AutoFibo Trade Zone Reversal Trading System

Highly Effective Forex AutoFibo Trade Zone Reversal Trading System – This “AutoFibo Trade Zone Reversal System” uses Kumo Ichimoku and the RSI (Relative Strength Index)  for the core trend filter.

The red zone of the Auto Fib Trade Zone indicator is overbought territory so caution is advised when trading long, The blue zone is oversold territory so caution is advised when trading short.

• Best Time Frame :  30 min, 60min, 240 min.
• Recommended Currency Pairs: AUD/USD, EUR/USD, USD/JPY, and GBP/USD

 

• ExAutoFib TradeZone
• SignalTrend
• Ichimoku Kinko Hyo
• 100pips Momentum
• Relative Strength Index
• B-Clock Silverponential Moving Average

Trading when in a red zone means that you want to SELL at the top. Trading in a blue zone means that you want to BUY at the bottom.

 

• When the price in the BLUE Zone, waits for:
  • Price upward and above KUMO of the Ichimoku indicator
  • RSI line above the level 60
  • The blue line of the “100pips Momentum” indicator above the red line

 

• When the price in the RED Zone, waits for:
  • Price downward and below the KUMO of the Ichimoku indicator
  • RSI line below the level 40
  • The blue line  of the “100pips Momentum” indicator below the red line

 

• We only look for buying opportunities when the price in the BLUE Zone and we only look for selling opportunities when the price is in the RED Zone.
• The best place to place the initial stop loss is behind swing high and swing low points.
• Risk Reward Ratio 1:2 or 1:3