Forex strategies

Down Trading

1. The presence of a downtrend on the chart.

2. The Parabolic indicator points are located above the chart.

3. The SMA with a period of 4 intersects the SMA with a period of 60 going downward. We open a "Down” trade.

4. The trade closes when the second point of the Parabolic indicator changes its direction.

5. We recommend setting Stop Loss at the level of the nearest highest point of the Parabolic indicator.