Forex Bullseye trend direction system
Time frame of 15 minutes or more

Currency pairs: older.

Metatrader indicators:

Money line

Diana.
Rules for trade 1) Trend direction: when the price is above this line, the trend increases. When the price is below this line, the trend falls.
Therefore, it is advisable to perform operations with the trend using this MoneyLine as a trend direction reference. You can expect a change in trend when the price has had three consecutive closures on the other side of the Money Line. For example, if the price has been rising above MoneyLine, then when the price is directed to MoneyLine and has three consecutive candles / bars closed below MoneyLine, statistically there is a high probability of a change in trend.

2) Support / Resistance: this benefit is only the reason you should have MoneyLine in each chart you exchange. MoneyLine acts as a very good support / resistance predictor. It is so precise that you can actually remove the scalp from the line.

My trade rules are simple:
RULES: BUY
We only enter LONGS when price is above the moneyline.
Never take a LONG position when price is under the moneyline.
The simple rule will allow you to catch bigger trend moves without the added risk of trading against the trend.

RULES OF; TO SELL

I take a ticket when the price is below the money line.
The entries are guided by the Bullseye indicator.
Never take a counter trend entry.

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