The Bladerunner forex strategy is a combination of the current fundamentals and forex price action to identify a winning trade. Unlike other forex strategies, it will never enter a trade based on the rejection of the 20-day exponential moving average (EMA). Instead, it will look for a confluence of reasons to enter a trade. This is safer than entering a trade based on the rejection of one EMA, or even a pivot level.
Sniper strategy is a price action strategy
The Bladerunner Sniper strategy is based on price action trading and the concept of using price trend lines. To execute this strategy, you should first find a price trend on the market and then break that trend. Then, you need to look for price breakouts from a trading range. The next step is to watch for the price to bounce back from the EMA.
This strategy involves placing sell-stop orders two pips below or above the 20-period exponential moving average. Using this strategy, you can trade effortlessly five days a week. When making a trade, be sure to set a realistic profit target.
It uses bank-level (BL) and total impulse levels (TIL)
BL and TIL are two key reference levels for the Bladerunner forex strategy. The former refers to the price extreme of the previous day, while the latter is the underlying support level. Both are formed by market makers. In order to make use of the latter, a trader should be aware of the market’s trend and price action.
When you see a long shadow candlestick in a short timeframe in the same trend direction, you have entered the market. This indicates that the asset is breaking a key level or starting a new move. An impulse level, on the other hand, is a support level, but with a flat frame in the M5 timeframe. Ideally, you should make your take profit equal to your stop loss.
It can be traded on any pair
The Bladerunner forex strategy is a highly profitable forex strategy that can be traded on any pair. It is based on the concept of pivoting on price movements. When a price breaks out of range, the trader should enter a long position. Conversely, if the price is in a downward trend, it should enter a short position.
In order to trade with this strategy, it is important to monitor price trends and retest the EMA. The 20-period EMA is a good indicator to watch. A price that stays above this level is likely to continue an upward trend. Similarly, a price that breaks below the EMA is a sign of a downward trend. This pattern should be watched closely because the price may reverse course and move in the opposite direction.
It can be traded on any time frame
The Bladerunner forex strategy uses a 20-period EMA to identify price movement patterns. It compares price action to the expected trend and adjusts trades accordingly. When price action is above the EMA, the market is expected to rise, and if it is below, it is likely to fall.
Trading with a Bladerunner strategy requires patience and an understanding of price action patterns. The trader must be able to identify price patterns before he can make a profit. While this strategy is not for everyone, it can yield lucrative results. The trader must know how to read round numbers and candlesticks, as well as how to interpret pivot points and support and resistance levels.
The Bladerunner strategy works on any time frame and is applicable to any currency pair. The strategy uses higher highs and lower lows to determine when to buy or sell. The trader should place sell-stop orders two pips above or below the EMA. It is important to set a realistic target profit.