This system can be used for short and medium term trading in the Forex market. If you use an hourly timeframe, the transaction is closed within 1-2 days.
This effective strategy is designed for a 30 minute timeframe. However, this method can be used at any time period. The system is suitable for any currency pair in the Forex market.
Fundamental data on the state of the economy of any country significantly affects the exchange rate of its currency. When the news about this data is released on the Forex market, sharp movements often occur.
This trading system works on the principle of price following. Used for medium-term trade. Minimum time frame is 30 minutes. The best results are obtained on the currency pairs EUR/USD, GBP/USD, AUD/USD, USD/CHF, GBP/JPY, EUR/JPY.