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1-2-3-4 forex reversal trading strategy


1-2-3-4 forex reversal trading strategy

the reason why I like to trade on pure price action. The next element to look for is an exhaustion high point this is point number 1 of your 123. Again, to the left you can see the same uptrend I showed you earlier, but this time I included some of the candles to the left. If it appears to be happening on the same candle, drop down to the next lower time frame and see how it looks down there. Conclusion The 1-2-3 reversal strategy must be rehearsed on a demo platform. The picture shows an hourly chart, but a 123 reversal can occur on any time frame since its showing you the emotions of traders and not necessarily depicting a particular event.

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Example of a 123 Low on GBP/JPY H1 After the price drops below the consolidation at the number 2 point, it most likely will pop up in a retracement (the market likes to let off steam after breaking a significant barrier like the number. I especially like to see this happen at a historical resistance level. They happen after a good strong trend. A Limit Buy order will work fine in this case. 1-2-3 Reversal Setup for Short Trade We can see from this snapshot that Point 3 is at the.8 retracement level of line 1-2 (not shown). Similar to simple derivatives, binary options derive their value performance of another underlying asset. Also, the first position, while having a low risk in terms of pips also has a lower probability of success.


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