Price Action Channel The Gold line Trading System
Currency Pair: Majors.
4EMA Median Price ;
Custom CCI (14) Candles;
Chandelier stops (15, 14, 4);
Chandelier Stops (8 , 6,2);
All Pivots V.2.
Setup Entry buy: Green Arrow, confirmed by Chandelier stops blu (15,14,4-8,6,2) and CustomCCI Candles green.
For Entry long wait that the price retrace on the gold line. (place an buy stop order on the gold line).
Setup Entry sell: Red Arrow, confirmed by Chandelier stops red (15,14,4-8,6,2) and Custom CCI Candles red.
For Entry sell wait that the price retrace on the gold line. (place an sell stop order on the gold line).
Place Stop Loss 4 pips below or above the Chandelier stops (8, 6, 2).
Profit Target: on the level pivot or PT predetermined 14 pips EUR/USD, 11 pips AUD/USD, 16 pips GBP/USD.