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Upthrust FOREX strategy

Upthrust is brutal money making manoeuvre. Created by market makers, to catch and remove stop losses above the market and to lure traders into long entry just before upwards swing ends. As one very successful trader noted, it is very hard not to make money trading exclusively this forex pattern. Of course, if you know what to look for and how to trade it.

Upthrust is specific fakeout formation.

We will use volumes forex indicator and Bollinger bands forex indicator, both with default settings.

Bollinger bands will be applied in price chart and also as first indicators' data in volumes window.

More experienced traders can use trendlines for trend reversal confirmation.

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How to trade this forex strategy

We will look for this specific forex formation: Upthrust at the top of the upwards move. Therefore, we will be entering only short trades in 1H timeframe.

Upthrust FOREX strategy

We look for upthrust candle touching upper Bollinger band. Upthrust candle - tall upwards candle with extremely tall upper wick, closing near its bottom (learn more about upthrust in forex)

We look at volumes forex indicator. Volume on upthrust should be extremely high, touching upper Bollinger band in volumes window


Upthrust FOREX strategy

Unlike with stopping volume, we will not wait for another candle for confirmation.

We enter immediately after our upthrust candle closes.

Stop loss: couple of pips above upper wick.

Take profit: Measure the distance from entry to the top of the upper wick. Same distance should be used for take profit.

Upthrust FOREX strategy

Improving take profit: Experienced traders should use trendlines breakout to confirm trend reversal. Afterwards doubles the stop loss.



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Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

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