A reversal chart pattern is build up of 4 definable points, known as point 1, 23 and 4.
Forex Reversal Trading Strategy
A typical chart pattern is best traded after a strong currency pair up - or downtrend and can be defined by an easy set of trading rules. A trader can confirm the reversal trade using a technical indicator such as DMI or MACD. The high in an up trending currency market.
A downward correction in the up trend, the lowest bar in the correction before the price moves back up to point 3. The high in the move up from Point 2 but a failure to make a new higher high Point 1.
Go short 1 pip below point 2. Calculate the distance between 2 and 3 ; if for example the distance between 2 and 3 is 50 pips, than 50 pips is your target level.
Calculate the distance between 2 and 3 ; if for example the distance between 2 and 3 is pips, than pips is your target level. SANJAY SHARMA Thursday, 13 February Home Page Newsletter Forex Products Reviews Forex Blog Blog Archive Free Forex Trading Signals and Forecast Tools Binary Options Trading Strategies Binary Options Strategies II Scalping Forex Strategies Scalping Forex Strategies II Scalping Forex Strategies III Scalping System 1-2-3-4 forex reversal indicator Trend following Forex Strategies Trend Following Jeep wrangler custom parts uk Strategies II Volatility Forex Strategies Bollinger Bands Forex Strategies Breakout Forex Strategies Patterns Forex Strategies Chart Patterns 1 Pin Bar 2 2B Pattern 3 Pin Bar and Awesome 4 Key Reversl Bar 5 The Symmetrical Triangle Strategy 6 Pattern 7 Flag Pattern 8 Bat Pattern 9 Butterly Patterns 10 Inside Bar 11 OutSide Bar earning money at home by typing Strategy 13 3 bar pulback 14 The Dragon Pattern 15 3B Pattern 16 Lucky Spike 17 Advance Channelling 1-2-3-4 forex reversal indicator Toturial Pengantar 35 NR4-IB 36 Inside Bar with MACD 37 Bollinger Bands with Patterns indicators 38 ABC Pattern or the chart pattern 39 Two periods Reversal Pattern 40 4TF-HAS with Pin Bar Detector 41 Pin Bar trading price action 42 Engulfing Pattern with MACD 43 Gartley Pattern 44 Triangle retracement 45 Pin Bar with Two MACD Trading System Pivot Forex Strategies Forex Strategies Based on Indicators Support and Resistance Forex Strategies Candlestick Forex Strategies Renko chart Forex strategies Metatrader Indicator MT4 Metatrader Indicator MT5 Metatrader Trading System MT5 Metatrader Trading System MT4 Metatrader Trading System II Trading System Metatrader 4 III Trading System Metatrader 4 IV Metatrader 4 Trading Systems V Metatrader various templates Metatrader Expert Advisors MT4 Metastock Codes Indicators Elliott Wave Analysis Forex Articles Forex Books Contact Link.