Today readers that trade Forex that this is a worthwhile investment opportunity. You May Also Like. While there is no specific size requirement, typically both bars in the pattern should be substantial, with the up bar showing a strong short-term shift in momentum. The graph on the right shows you the top 5 pairs, from all the combinations of pairs that involve the major currencies, that have been identified as having the most potential for trade. Mainly, a timed price bar is arbitrary.
Recent Community Reviews, ive also found it very important in the Forex market to get real insight from actual traders that utilize the software. Fibonacci Extension article ). With proven results verified by Myfxbook this is a low risk. This is why we would like to present you with our Top-5 Books of choice that should be in arsenal of every profitable Forex trader! Figure 5 shows how this works in a downtrend. Yet, in real-time, it exhibited the shift in momentum we were looking for, and that is all that matters. If trading on a 1 or 5-minute chart, trying using an ECN forex broker with a small spread and low commissions.