High accuracy “Price Action Patterns and Trading System” – today I would give you what I believe to be the most important price action patterns and trading system you need to learn as a Forex trader.
- Time Frame: H4 or higher
- Currency Pairs: GBPUSD, EURUSD, USDCAD, USDJPY, GBPJPY, EURJPY, AUDUSD, and NZDUSD
MetaTrader Trading Indicators
- NonLagDot
- SuperTrend
BUY Rules
- NonLagDot: Blue Dots
- SuperTrend: Below the candles
- Price Action Signal: Bullish Pin Bar
SELL Rules
- NonLagDot: Red Dots
- SuperTrend: Above the candles
- Price Action Signal: Bearish Engulfing
Price Action CandleStick Patterns NOTES
Not all candlestick patterns work equally well. Their huge popularity has lowered reliability because they’ve been deconstructed by hedge funds and their algorithms. The most powerful price action CandleStick Patterns are:
- Bullish and Bearish Pin Bar
- Perfect Bullish and Bearish candles
- Engulfing