Crow Breakout System - Trend lines and price formations are used in many ways by investors. The trading strategy that I will teach you now is based on this concept. It is very important for traders to know when and how the prices will move. In order to identify the trends, breaking points and reversals you should watch the charts and draw lines constantly. You should also analyze the big picture by switching the larger time frames. I know it is hard and needs a lot of patience. However, it is worth your efforts because price formations are reliable sources to predicts the future price actions.
Crow breakout strategy follows formations, it draws the lines itself. All you have do it to just sit back and wait for the right time. This strategy is very easy because it also shows you possible price targets.
Please have a look at the chart below: Figure-1:
As you can see GBP/USD broke its supporting trend line and falling. But how far it may possibly go? That is ok, you don’t have to learn technical analysis to calculate that. The indicator we applied to our chart tells us! Check the red horizontal line on the right side, that is our possible target.
Trading this strategy is very simple. Just go long (buy) when it climbs above the upper line (green) and go short (sell) when it breaks below the lower line (red).
Refer Figure-2:
You can use this trading system on any pair and time frame.
Crow breakout strategy follows formations, it draws the lines itself. All you have do it to just sit back and wait for the right time. This strategy is very easy because it also shows you possible price targets.
Please have a look at the chart below: Figure-1:
As you can see GBP/USD broke its supporting trend line and falling. But how far it may possibly go? That is ok, you don’t have to learn technical analysis to calculate that. The indicator we applied to our chart tells us! Check the red horizontal line on the right side, that is our possible target.
Trading this strategy is very simple. Just go long (buy) when it climbs above the upper line (green) and go short (sell) when it breaks below the lower line (red).
Refer Figure-2:
You can use this trading system on any pair and time frame.
