Forex trading strategies
nzd usd h4
All can profit in a trending forex market, it is the full timers that profit in a ranging market.
Above example is one.
Price is in a channel as shown in the highlighted box.
First arrow point up at the price pivot area (blue line).
Price action : inside bar
Easy trade took it up to where? the previous high – price pivot area (upper blue line)
2nd arrow pointing down from the top.
Price action : inside bar
Took it down
3rd arrow pointing down from the top
Price action: yet another inside bar
took it down
what will happen next?
Will it go back up at the “?” area?
we will wait for price action confirmation to see if its a pin bar forming.
