Dear Traders, We traded USDJPY on the H1 timeframe today May 29 and the market has already gained +1700 points.
The trade first spotted the Italo Pivots red resistance line, which the market broke above. In this breakout, there was a green candlestick for Italo Trend indicating that the market is heading towards trend. The final confirmation of the continuation/breakout trade was the neon green line above the 1.5 horizontal line on the Italo Volume Indicator and the green histogram showing candlestick volume.
Let’s see it in action:
So there were 3 surprising confirmations for trading continuous moves/breakouts, all of which indicated that big moves were very likely to happen.
I entered the market with a buy order. The stop loss is below the recent low and the take profit used the red line of the Italo pivot, the resistance line.
This system above uses three indicators: Italo Pivots, Italo Trend and Italo Volume. Trading the 3 indicators together gives you a nice combo for big reversals and continuation/trend trading.
Take your trading to the next level and use these indicators to gain an edge in the market and trade with confidence.
All indicators do not repaint, no complicated rules, no confusing charts, no guesswork…the best indicator on the market.
Now you have the opportunity to trade with indicators that really work!
Italo Pivot Indicator (MT4) Italo Pivot Indicator (MT5)
Italo Trend Indicator (MT4) Italo Trend Indicator (MT5)
Italo Volume Indicator (MT4) Italo Volume Indicator (MT5)
For questions about purchasing, installing, backtesting or using the indicator, Send a private message to my MQL5 profile here
https://www.mql5.com/en/users/italobr