FCPO Trading Plan : Big Sideway (Price cross EMA50)
1. Setup
i)Price cross EMA14+EMA50
ii)EMA14 above EMA50
iii)Trend: Big Sideway
iv)Create SnR box
2. Signal Type:
i)Rejection at 2nd test
ii)Fake breakout
iii)Valid breakout
3. Confirmation: 5min look for bullish engulfing
4. Entry
i) after 5min engulfing CS
ii) Open engulfing CS
5. Exit: SL 10tick below
6. TP: Resistance
i)Price cross EMA14+EMA50
ii)EMA14 above EMA50
iii)Trend: Big Sideway
iv)Create SnR box
2. Signal Type:
i)Rejection at 2nd test
ii)Fake breakout
iii)Valid breakout
3. Confirmation: 5min look for bullish engulfing
4. Entry
i) after 5min engulfing CS
ii) Open engulfing CS
5. Exit: SL 10tick below
6. TP: Resistance
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