1 2 3 Pattern Forex Indicator MT4 – Free Amazing Tools

1 2 3 Pattern Forex Indicator

1 2 3 Pattern Forex Indicator Review

The 1 2 3 Pattern Forex Indicator is a reversal pattern that ends at a 127 percent or 161.8 percent Fibonacci extension and is characterized by a string of higher highs or lower lows.

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.

Best Brokers List 

This indicator works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below: I

BROKER NAMEREGISTERYear FoundedHeadquarteredLeverageMinimum DepositRegulating
1 2 3 Pattern Forex, 1 2 3 Pattern Forex Indicator MT4 – Free Amazing ToolsRegister2008Cyprus1:Unlimited$10CySEC, FCA, FSCA, FSA, BVI
1 2 3 Pattern Forex, 1 2 3 Pattern Forex Indicator MT4 – Free Amazing ToolsRegister2007Sydney, Australia1:500$200ASIC
1 2 3 Pattern Forex, 1 2 3 Pattern Forex Indicator MT4 – Free Amazing ToolsRegister2009UK1:888$5FCA
1 2 3 Pattern Forex, 1 2 3 Pattern Forex Indicator MT4 – Free Amazing ToolsRegister2009Belize1:2000$10CySEC, IFSC
1 2 3 Pattern Forex, 1 2 3 Pattern Forex Indicator MT4 – Free Amazing ToolsRegister2006Dublin, Ireland1:400 $100CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA
1 2 3 Pattern Forex, 1 2 3 Pattern Forex Indicator MT4 – Free Amazing ToolsRegister2009Belize1:3000$1IFCS
1 2 3 Pattern Forex, 1 2 3 Pattern Forex Indicator MT4 – Free Amazing ToolsRegister2008Port Vila 1: 1000$10VFSC

1 2 3 Pattern Forex Indicator Setting

1 2 3 Pattern Forex Indicator

How to identify the 1 2 3 Pattern Forex Indicator

The chart below shows how this pattern appears in its bullish form:

1 2 3 Pattern Forex, 1 2 3 Pattern Forex Indicator MT4 – Free Amazing Tools

  1. First drive
  2. Second drive
  3. Third drive

As you can see above, point 1 is where the price makes its initial low, marking the start of the pattern. After that, the price retraces before creating the second drive’s new bottom at point 2. A 127 percent or 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 percent or 161.8 percent. 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:

1 2 3 Pattern Forex, 1 2 3 Pattern Forex Indicator MT4 – Free Amazing Tools

  1. First drive
  2. Second drive
  3. 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 percent or 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 percent or 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 or 161.8 percent. 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:

1 2 3 Pattern Forex, 1 2 3 Pattern Forex Indicator MT4 – Free Amazing Tools

  1. First drive
  2. Second drive
  3. Third drive
  1. Long entry

As you can see, 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.

1 2 3 Pattern Forex, 1 2 3 Pattern Forex Indicator MT4 – Free Amazing Tools

  1. First drive
  2. Second drive
  3. Third drive
  1. Long entry
  2. Stop loss

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:

1 2 3 Pattern Forex, 1 2 3 Pattern Forex Indicator MT4 – Free Amazing Tools

  1. First drive
  2. Second drive
  3. Third drive
  4. Long entry
  5. Stop loss
  6. Profit target

1 2 3 Pattern Forex Indicator Download

We highly recommend trying the 1 2 3 Pattern Forex Indicator for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.

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1 2 3 Pattern Forex Indicator MT4 – Free Amazing Tools Contents 1 1 2 3 Pattern Forex Indicator Review 2 Best Brokers List 3 1 2 3 Pattern Forex Indicator Setting 4 How to identify the 1 2 3 Pattern Forex Indicator 4.1 Enter your trade 4.2 Place your stop loss 4.3 Place your profit target 5 1 2 3 Pattern Forex Indicator Download 1
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