- Julie 25, 2022
- Gepos deur: 'Femi Olabode
- Kategorie: Gratis Forex Aanwysers
1 2 3 Pattern Forex Indicator Resensie
Die 1 2 3 Patroon Forex aanwyser is 'n ommekeer patroon wat eindig by 'n 127 persent of 161.8 persent Fibonacci-uitbreiding en word gekenmerk deur 'n string hoër hoogtepunte of laer laagtepunte.
It may indicate that the market has reached the end of its current trend and that a potential price chart reversal is likely to take place. Both the bullish and the bearish versions of the pattern can be used to identify potential buy and sell opportunities.
This indicator pattern is a reversal pattern distinguished by a string of higher highs or lower lows. There are bullish and bearish variations of it.
Beste makelaarslys
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1 2 3 Pattern Forex Indicator Instelling
How to identify the 1 2 3 Pattern Forex Indicator
The chart below shows how this pattern appears in its bullish form:
- First drive
- Second drive
- Third drive
As you can see above, point 1 is where the price makes its initial low, marking the start of the pattern. Na dit, the price retraces before creating the second drive's new bottom at point 2. A 127 persent of 161.8 percent Fibonacci extension of the initial drive should be seen in this second low. The price then reverses direction and launches a third drive down, which should also be a Fibonacci extension of drive two by 127 persent of 161.8 persent. You should concentrate your focus on the third drive since this is where you will find a lengthy entry.
This pattern appears as a bearish set up on the following chart:
- First drive
- Second drive
- Third drive
This drive of the pattern begins when the price reaches an initial high at point 1. Price then reverses direction and forms the second drive, reaching a new high at point 2. A 127 persent of 161.8 percent Fibonacci extension of the previous drive should also be seen in this second high. A third drive up that should likewise be a 127 persent of 161.8 percent Fibonacci extension of drive two occurs when the price retraces once more. You should focus most of your attention on the third drive since this is where you'll find a brief entrance.
Using the 1 2 3 Pattern Forex Indicator in trading
We'll now demonstrate how to trade this indicator pattern for you.
Enter your trade
The third drive gives the most exact entry point with the most potential for profit, therefore traders attempt to join the market at this moment. This will either be a Fibonacci extension of 127 of 161.8 persent. The bullish 1 2 3 Pattern Forex Indicator will be used as an illustration. Simply reverse the pattern and your orders for a bearish three drives pattern (a short/sell trade).
Put down a buy order here as shown below:
- First drive
- Second drive
- Third drive
- Long entry
Soos jy kan sien, the entry for the buy trade is put when the price reaches the extension level on the third drive down, going against the most recent general trend.
Place your stop loss
Set your stop loss order below the second drive's 161.8% Fibonacci extension level.
- First drive
- Second drive
- Third drive
- Long entry
- Stop verlies
Place your profit target
Drawing a Fibonacci retracement from the very high of the pattern's commencement to the very low of the pattern, where the pattern completes the third drive, is an easy technique to determine a profit goal.
The swing's 61.8 percent Fibonacci level serves as the take profit.
See the following graph for an illustration of this:
- First drive
- Second drive
- Third drive
- Long entry
- Stop verlies
- Winsdoelwit
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