Forex Reversal, it means you receive extremely high probability alerts which is actually what is essential. In the stock market the daily open and close arent arbitrary, they are set and have an impact. Not every pullback ends with an engulfing pattern though, sometimes we can use multiple bars to signal the end of a pullback. The beginner like me can hone skills diligently and study about currency trading for dummies and easy fibonacci for dummies. In addition, the signals do not lag - they appear at the close of the candle / opening of new candle. . I can practice until expert by following demo account.
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Isn't it annoying to have to attach an indicator to every single chart in order to receive the alerts? The engulfing candle provides us a signal that a pullback is over, and the trend is about to resume. Then you can simply switch charts to see the arrow and trade in action! In fact, an amalgamation of techniques is essentially what determines whether one has the threshold of confidence to enter a trade in the opposite direction, and it this that we had in mind when developing the Forex Reversal Indicator,.e. Short entry example: The attached is 4hr USD/JPY chart showing short trades that could have been taken and would have been very profitable using this strategy. Often a lot of discretion is involved, whatever type of trading you're involved in,.g.
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