Bear Naked Pattern

Submit by Joy 22 23/07/2012

Time Frame 15min or higher.

Currencye pairs:any.

Indicators:

Indicator1;

Indicator2;

Bear Naked Pattern;

Long Entry

Go long only if the price has broken the lower band and the line of destiny confirm the buy arrow.

Note:the arrow to buy is valid if it does not appear above the middle band.

Short Entry:

Go Short only if the price has broken the upper band and the line of destiny confirm the sell arrow.

Note:the arrow to sell is valid if it does not appear below the middle band.

Exit Position:

Profit Target at the middle band.

Stop Loss at te previous swing.

BearNakedpattern is formed by:CCI, MA and Bollinger Bands.

Read more: http://www.forexstrategiesresources.com/trading-system-metatrader-4-iii/381-bear-naked-pattern/#ixzz21gKWqpso