Backtesting Website I Use: https://www.traderedge.app/?via=pinet...
Chart Analysis Platform: https://www.tradingview.com/?aff_id=1...
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In today's video, we delve into the "Squeeze Index" by Lux Algo, a key tool for identifying market breakouts from ranges. We combine this with the Moving Average Exponential and Support and Resistance Levels with Breaks indicators to create a robust trading strategy, suitable for the 15minute GBPNZD timeframe.

We guide you through configuring these indicators, focusing on how the Squeeze Index uses the PSI line to detect market consolidations. Learn how to spot entry points for both long and short trades and how to effectively manage risks with precise stop loss and take profit settings.



PineTrades Custom Indicator: https://bit.ly/pinetrades



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DISCLAIMER
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Forex and crypto trading is highly speculative and risky. It is only suitable for those people who understand, and are willing to take on, the financial and other risks involved, and who have the resources to withstand losses that may be significantly greater than any deposits you have made.

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