Howdy Merchants, we had a commerce on GBPCAD on H1 timeframe that right now 13 September 23 the market already moved +3100 Factors!
On this commerce we regarded first on the Italo Pivots purple resistance line, the market touches and rejects it, on this rejection I acquired gray candles from Italo Development, gray candles from Italo Development means on this case that the uptrend is now not sturdy, and the potential for reversion. The final affirmation of the reversal was the neon line of Italo Quantity Indicator bellow the 1.5 horizontal gray line, which means the uptrend is now not sturdy, and the potential for reversion.
Check out the motion:
So, I had 3 wonderful confirmations to commerce a reversal of worth, all of them displaying the top of the uptrend and the start of the reversal, with that our chances elevated loads to take a reversal commerce.
I entered the market with a promote order, with the cease loss above the final excessive and take revenue utilizing the Italo Pivots inexperienced line, that could be a help line.
This technique above makes use of 3 Indicators: Italo Pivots, Italo Development and Italo Quantity, the three Indicators buying and selling collectively you’ll have an incredible combo to take enormous reversals and continuations/development trades.
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For any questions associated to the acquisition, set up, backtesting and use of the Indicator, ship me a personal message on my profile right here on mql5