Scalping with Money Flow Index and Bollinger Bands
- Time Frame 5min
- Pairs: EUR/USD, AUD/USD, GBP/USD
- Bollinger bands (20, 2)
- Money Flow Index (8).
- when the Money Flow Index is in overbought, the bid price close outside the lower Bollinger band indicator line, wait candle bullish.Short Entry:
- when the MFI is in oversold, the bid price close outside the lower Bollinger band indicator line, wait the candle bearish candle
- Place Stop Loss on the upper or lower band.
- Profit Target: AUD/USD 6 pips, EUR/USD 8 pips, GBP/USD 10 pips.
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