Set Up
- Open 1 hour chart on any kind of currency pair (Bar chart or candlesticks).
- Insert the following
- a 169 period EMA (Exponential moving everage)
- a 144 period EMA
- a 12 period EMA
Enter
The 144 and 169 EMA will create tunnel, when the 12 EMA go through the tunnel and breaks above you go long, if it goes down short.
Exit
- When it reach 34 or 55 you take a partial profit then when it reaches 89, 144, 233, 377 you exit the trade.
- When it the 12 EMA goes back to the tunnel you exit the trade.
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