A major cause of several traders failing to succeed in forex market is the urge to pick top or bottom reversals. They keep on losing money while uselessly trying to pick them. Instead wait for a confirmation and then enter any reversal you want.
It's true; the price bounces out of these congestion points often. They offer great entry/exit points.It's best to draw one's trendlines - they're an excellent indication when we should look out for a possible reversal or a continuation of a trend for that matter, depending on what bars the pair forms around them.
It's true; the price bounces out of these congestion points often. They offer great entry/exit points.
It will good if already having good understanding with this pattern, and will making best opportunity to obtained profit in trading, but might not always market will having same pattern alwausIt's true; the price bounces out of these congestion points often. They offer great entry/exit points.
It will good if already having good understanding with this pattern, and will making best opportunity to obtained profit in trading, but might not always market will having same pattern alwaus
Try to spot Tweezer Top or Tweezer bottom. It usually give a highly reliable signs for reversal.