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3 Bar Pullback Forex Chart Patterns Strategy
This is a strategy where it works on a 1 hour timeframe and higher and applicable to all currency pairs.
Forex Indicators:
- 3 bar pullback;
- Parbolic Sar (0.2, 0.05).
Long Entry:
- The signal buy green of the 3 bar pullback indicator is confirmed by dot of the Parabolic Sar below the bar.
Short Entry:
- The signal Sell red of the 3 bar pullback indicator is confirmed by dot of the Parabolic Sar above the the bar.
Exit Position:
- Place stop Loss on the supporte indicated by 3 bar pullbact (to see example).
- Profit target: ratio 1/3 Example if stop loss is 100 pips the PT is 130 pips.
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