21# Candlestick with Momentum
Candlestick Pattern filtered by momentum and supports and resistances lines
Momentum Pattern Trading (also for Binary Options High/Low)
Submit by Janus trader
(This strategy was commissioned by a user who then wanted to share free.)
Candlestick with Momentum is a simple and clear trading system for all finanancial marlets based on Candlestick pattern filtered by momentum and lines of supports and resistances.
Time Frame 4H, daily and weekly.
Currency pairs all, Indices, Commodities and Shares.
On Shares, Gold and indices this trading system can also be used at H1.
Metatrader 4 indicators
Candlestick alerts with support and resistances.
Stochastic (5,3,3)
Trading rules Candlestick with Momentum
Buy
Support line below the price.
Buy candlestick pattern
Stochstic oscillator is about to cross upwards or has already crossed upwards.
Initial stop loss below line of support or on the previous swing low.
Profit target ratio stop loss 1:1.7 .
Sell
Resistance line line above the price.
Sell candlestick pattern
Stochstic oscillator is about to cross downwards or has already crossed downwards.
Initial stop loss above line of resistance or on the previous swing high.
Profit target ratio stop loss 1:1.7 .
This strategy is simple but winning.
Note: Candlestick with Momentum can be applied also with Binary Options High/Low
Expiry time 1-3 candles.
In the pictures Candlestick with Momentum in action.
Candlestick with Momentum
Update 03/05/2020
Candlestick with Momentum
Candlestick indicator more stable.
Add Stochstic color is optional.
Support and demand as other filter more precise trading.
See examples of trades
Update 08/09/2020
Telegram Channel: https://t.me/freeforexresources
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