Currency Pairs: GBP/USD, EUR/USD GOLD/USD GBP/AUD, GBP/NZD, GBP/JPY, and GBP/CAD.
Timeframes: H4
Minimum Deposit: Any
Recommended Account Type: ECN or Raw Spread
Leverage: From 1:30 to 1:1000
Recommend broker: Roboforex
Recommend Vps: GoVPSFX
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High Low Strategy is a trading strategy based on the analysis of High and Low levels of previous periods (usually daily or weekly). It helps traders identify key support and resistance zones to find entry and exit points in the market.
Key Features:
– High/Low Analysis: The strategy uses the highs and lows of past candles (e.g. D1) to identify significant levels where the price often reverses or breaks through the zone.
– Ease of Use: Suitable for beginners, as it does not require complex indicators – a basic chart and levels are enough.
– Trading Signals:
– Buy: The price bounces off the Low level or breaks through the High with confirmation (e.g. the candle closes higher).
– Sell: The price bounces off the High level or breaks through the Low downwards.
– Filters: For increased accuracy, it is recommended to use additional indicators such as RSI, MACD or trend lines to avoid false signals.
– Flexibility: Can be applied to any timeframe (from M15 to D1) and assets (currency pairs, stocks, cryptocurrencies).
Application:
1. Mark the High and Low levels for the previous day/week on the chart.
2. Wait for the price to react (bounce or breakout) at these levels.
3. Confirm the signal using candlestick patterns or indicators.
4. Set Stop Loss beyond the High/Low level and Take Profit at the next key level.
Advantages:
– Easily integrated with other strategies.
– Suitable for trend and counter-trend trading.
– Minimizes subjectivity thanks to clear levels.
Limitations:
– Requires confirmation of signals, as false breakouts are common on low timeframes.
– Effectiveness depends on market volatility.
High Low Strategy is a simple yet powerful system for traders who want to trade key market levels with minimal time investment.
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