FOREX THEORY
Identifying Retracements Part 3
The last method is to use trend lines. When a major trend
line is broken, a reversal may be in effect.
By using this technical tool in conjunction with candlestick
chart patterns discussed earlier, a forex trader may be able to get a high
probability of a reversal.
While these methods can identify reversals, they aren’t the
only way. At the end of the day, nothing can substitute for practice and
experience.
With enough screen time, you can find a method that suits
your forex trading personality in identifying retracements and reversals.
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