Therefore, it is very important to have a really good Forex trading system that can advise on entries with high chances to win and what's more important it should be able to tell exactly where to exit without need to constantly monitor the price. When all three criteria are met, enter once the candle is clearly closed above 5 WMA for Long entry, below - for Short. If I get both buy and sell signals for Fibonacci setup I look at higher time frame to decide on preferred direction.

Then you'll be sitting tight until Stochastic lines cross against your position for the first time. The file is hosted remotely, you have to post a direct link to the file in your comment in order for us to see it.

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