ENTRY - PAYO 2H Swing Trade

Entry Criteria

1. RSI below 20 and rising again - YES
2. Candles out of SPICE AGLO red cloud - YES
3. Traffic Light (Red-yellow-green) pattern on MACD bars - YES
3. Heiken Ashi reversal candles - YES
4. MACD cross on 2H - YES

Target duration - 12-15 2H candles
Target profit - 5 - 8%

Exit Criteria

1. RSI above and dropping again
2. Candles out of SPICE AGLO green cloud
3. Red-yellow-green pattern on MACD bars
3. Heiken Ashi reversal candle
4. MACD cross on 2H

Early Exit Criteria )
Trailing stop if candles penetrate upper side of SPICE ALGO green cloud

Comment:

Exit 1. should read RSI above 80 and dropping again.