Short

EURJPY 15 m Channel Trading Indicator (CTI) Alert Trade

Updated

This strategy comes from our CTI Trading Strategy. The indicator comes with an alert system. Once the alert makes you aware of a potential channel break then you can evaluate the pair and the setup to decide if it meets your criteria for a trade. There will also be rules setup for trading back into the channel. The CTI indicator draws the channel trend lines on your chart. My first TP would be the support line the first break hook go created @ 129.20. If it breaks that support line then watch if price hesitates at the 129.00 level. If it breaks that then you are on your way to 128.80.

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Note

For a 15 m chart , it was taking to much time for price to determine a direction. So I closed out the trade with a 5 pip gain.

Note

What a roller coaster ride. Price did hit the 1st TP @ 129.20. And just now (6am EDT) it hit to the pip 129.00. The CTI alerts work great, just have to have confidence and patience.

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