A 1-2-3-4 reversal chart pattern is build up of 4 definable points, known as point 1, 2 , 3 and 4. A typical 1-2-3-4 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 trading price action and pivot points new analysis strategies for the forex market such as DMI or MACD. The high in an up trending currency market.
The low in a down trending currency market. MACD must signal a buy or in buy mode already. 50 pips, than 50 pips is your target level. DMI must signal a sell or in sell mode already. 250 pips, than 250 pips is your target level.
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Any articles, systems, strategies, reviews, ratings, news, research, analyses, prices or other information contained on this website, by Aboutcurrency. Risk Disclosure: Trading forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. BEL Positional Traders can use the below mentioned levels Close above 107 Target 111 Intraday Traders can use the below mentioned levels Buy above 107 Tgt 108,109 and 110 SL 106 Sell below 105. 1 K contract of Index Future worth 118 cores ,9. 1 K Long contract were added by FII’s and 11.
3 K Short contracts were added by FII’s. Net Open Interest increased by 20. 5 K contract, so rise in market was used by FII’s to enter long and enter short in Index futures. As Discussed in Last Analysis Bank Nifty bulls failed to hold 26640 and bears were able to break 26600 but closed above it partially also gann angle is proving to be a strong resistance as shown in below chart. 121 Intraday Traders can use the below mentioned levels Buy above 112. 5 Sell below 111 Tgt 110,109 and 108 SL 111.
FII’s sold 18K contract of Index Future worth 1481 cores ,5. 7 K Long contract were liquidated by FII’s and 12. 4 K Short contracts were added by FII’s. Net Open Interest increased by 6. 6 K contract, so fall in market was used by FII’s to exit long and enter short in Index futures.
As Discussed in Last Analysis Bear got active below 26450 and low made was 26364 near our target of 26352 and once 26555 was taken our rallied and did 2 target, so we got the range expansion on gann time analysis date. Understanding your own trading psychology is critical to being a successful Trader. Are you focused on trying to make money? Or are you more focused on trying not to lose money?