Forex CCI OBOS Trend Line Channel Trading System

This “Forex CCI OBOS Trend Line Channel Trading System” is the first thing you should try to determine as a trader is the trend of the market.

Trend Channels make the trend clearer and offer clues for positioning trades.

• Time Frames: H1, H4, and Daily
• Currency Pairs: Major Pairs

 

• TrendLine Channel WC NLR
• SignalTrend
• OBOS
• Exponential Moving Average
• CCI
• Step-MA

 

• TrendLine Channel Up Trend
• Prices reach main trend line support of Bullish TrendLine Channel
• OBOS Green color arrow below the previous swing low
• Candle bullish and  above the Step-MA and 8 EMA line
• Step-MA indicator green color
• Red color 8 EMA (open) line upward and above Blue color 8 EMA (close)
• CCI line above 50 level

 

• TrendLine Channel Down Trend
• Prices reach main trend line resistance of Bearish TrendLine Channel
• OBOS red color arrow above the previous swing high
• Candle bearish and below the Step-MA and 8 EMA line
• Step-MA indicator orange color
• Red color 8 EMA (open) line downward and below Blue color 8 EMA (close)
• CCI line below -50 level

 

Because the technical analysis is just as much art as it is science, there is room for flexibility.

Even though exact trend line touches are ideal, it is up to each individual to judge the relevance and placement of both the main trend line and the channel line.