Moments price reversal
Today spoke at YouTrade.TV, speaking of price reversal points. In fact, the price will unfold in three cases:
1) absolute reversal;
2) a reversal trend;
3) The overbought / oversold one of the currencies included in the pair.
Actually an absolute reversal we can see with the help of the indicator Turning point of price. For example, like this:
Ideally, we should see the signal of the absolute turning on two adjacent time frames.
To determine the trend reversal, that is a price reversal in the direction of the trend may be used TrendTrade indicator:
And to determine the moments of overbought / oversold national currencies – an indicator National Prise Reversal. Today, for example, the input he gave a good point on the M5 for the US dollar:
That is, there were three at the entry point:
– 9.15 to the dollar was oversold, and it made sense to buy;
– 11.15 dollar was overbought and it should be sold;
– in 15,30 dollar was overbought again and recommend it to sell.
In the graphs, the main point of these pairs of spent as follows:
P.S. All these indicators have free demo versions.
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