A chart pattern indicator for Metatrader 4 that notifies you of any bullish and bearish engulfing trading patterns. The indicator works on all timeframe’s and for all currency pairs. A bullish engulfing pattern may indicate a forex reversal pattern when formed in a downtrending currency market. A bearish engulfing pattern may indicate a forex reversal […]Continue reading
The inside bar forex indicator finds inside bars on all time frame’s and works for all currency pairs. An inside bar candlestick forms within the previous candlestick high – low trading range. Download link: Click here to download the insidebar.mq4 indicator Inside Bar Indicator Chart Example (GBPUSD D1) Platform: Metatrader 4 Indicator type: candlestick recognitionContinue reading
This is a classic swing trading strategy which is trying to catch the next immediate price movement in the direction of the prevailing trend. Three consecutive lower highs in an uptrend and higher lows in a downtrend show that the correction is exhausted and new move in the direction of the trend could be expected. […]Continue reading
The double top is a typical bearish reversal chart pattern found in forex that consists of two almost equal peaks. According to the original double top reversal trading rules, traders should go short on a sustained break of the neckline. I want to share my simple strategy to go short much earlier thus earning more […]Continue reading
A simple forex trading strategy to trade daily time frame’s. It can be used on any currency pair and requires only 5-10 minutes of your time to check for valid trading setups. What is an inside candlestick bar? It’s a candlestick that completely forms within the previous candlestick daily high -daily low trading range. Download: […]Continue reading
The bullish hammer forex strategy is an easy, yet effective method to trade reversals in the market. It doesn’t require a lot of trading rules and therefore very easy to understand for even the novice currency trader. Trading Setup Time Frame: Any Currency Pairs: Majors + Currency Crosses Hammer Candlestick Candlestick Indicator Download the chart […]Continue reading
The Knight Candle developped by Mark Guergues and Andrei Knight gives you an indication where the price is likely to trade right after the open. It does not tell you how the candlestick is likely to close. Use in conjunction with other tools to trade with the overall trend. Used symbols: Red circled “0” – […]Continue reading
Divergences are most commonly used in forex to predict price reversals in both up and down trending markets. In a nutshell, divergences occur when the currency pair price and the technical indicator (MACD, RSI, STOCH,…) trade in opposite directions. Normally, price should always trade in agreement with the supporting TA indicator, both up or down. The […]Continue reading
Pin bars candlesticks occurring at strong support and resistance levels generally produce reliable reversal trading signals for currency traders. Here’s my step by step version of how i use them to trade market reversals. The pin bar forex scalpers strategy can be applied on higher timeframe’s as well. Forex Chart Setup: • Preferred currency pairs: […]Continue reading
What follows is a list of the most reliable candlestick reversal patterns used in forex trading. Forex Bullish Reversal Patterns Description: They are used to spot reversal signals in a bearish currency market, looking to go long. Piercing Line Abandoned Baby Morning Doji Star Morning Star Three Inside Up Three White Soldiers Forex Bearish Reversal […]Continue reading
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