Do you like Price Action the same as me? Really, I find it so much useful that work with it practically every day. So, I decided to share some strategic tips with you, my friends. Today, I want to tell you about a trading strategy called ‘Three Strikes’ that can easily help you to make a profit every day. It is based on the reversal Forex trading system.
As a trader, I believe that chart patterns are great instruments of getting detailed info from the market. With their help, we can predict the trend, find entry points, follow the dynamics of the whole Forex market.
When you start trading, you always need some technical helpers which will tell you: “Hey! Here is a nice entry point. Ans here’s an exit point, take profit, man!” These are technical indicators (and those that are mentioned in this article are even the best Forex technical analysis indicators). They help you in defining a trend and calculating when it’s better to enter/exit from the market. Choose them wisely, as your success often will depend on them.
Japanese candlesticks are one of the most popular methods of the technical analysis. Combinations of Japanese candlesticks are used for two purposes: they help to recognize the current trend and determine entry points to open long and short positions as well as identify possible reversals in the market.