Forex Trading Course (Part 4)

In the chart above you can see that two peaks or “tops” were formed after a strong move up.

Notice how the second top was not able to break the high of the first top. This is awe are anticipating a reversal of the uptrend.

strong sign that a reversal is going to occur because it is telling us that the buying pressure is just about finished.With the double top, we would place our entry order below the neckline because

Wow! We must be psychic or something because the same height as the double top formation. Keep that in mind because that’ll be useful in setting profit targets.

we always seem to be rightLooking at the chart you can see that the price breaksYou’ll also notice that the drop is approximately

bhe ap ye to bohat acha kam ka reh hen ap yahe pe sekha rahe hen kafi logo ko is ka pata nahe hai ap k course dekh k kafi samjh ati hai ap acha kam kar rahe ho is se mere sath sath bohat se logo ko ghar bathe faida ho raha hai

the neckline and makes a nice move down. Remember that double tops are a trend reversal formation so you’ll want to look for these after there is a strong uptrend.

The double bottom is also a trend reversal formation, or “bottoms” have been formed.

but this time we are looking to go long instead of short. These formations occur after extended downtrends when two valleys

What if there was a low risk way to sell near the top or buy near the bottom of a trend?................

forex What if you were already in a long position and you could know ahead of time the perfect place to exit instead

market watching your unrealized gpotential Aston Martin down payment, vanish before your eyes because your trade reverses direction?

What if you believe a currency pair will continue to fall but would like to short at a better price or a less risky entry?

Wel There is a way! It’s called divergence tradinga nutshell, divergence can be seen by comparing price action and the movement of an indicator.

this It doesn’t really matter what indicator you use. You can use RSI, MACD, the stochastic, CCI, etc.