Forex Reversal Trading Strategy

1-2-3-4 Forex Reversal Trading Strategy
A 1-2-3-4 pattern reversal model is the construction of 4 can determine the points, known as point 1, 2, 3 and 4. A
A typical 1-2-3-4 pattern scheme is the best trading after strong currency pair - or may downtrend
to define a simple set of trading rules. A merchant can confirm the reversal trade using
Technical indicators like DMI and MACD.
1-2-3-4 Basic Rules for Short Trades
Point (1): High in up trending currency market.
Point (2): a downward correction in the trend of Facebook, the lowest bar in the correction before
price moves back to point (3).
Point (3): High in moving up from point (2), but failure to make a new higher high (point
1).
Point (4): Go short 1 pip below point (2)
1-2-3-4 Basic Rules for Long Trades Forex Reversal Trading Strategy
The reverse is true when applying these basic rules for long trades, but now:
Point (1): The low down on the trending currency market.
Point (2): upward correction of a downtrend, the highest bar in the correction before
the price falls back to the point (3).
Point (3): The low down in moving from point (2), but failure to make a new lower low (Point
1).
Point (4): Go long 1 pip above point (2) Forex Reversal Trading Strategy