Forex patterns-Trend Rider System is a good non-repaint template. Use this template for higher time frames like H1, H4, D1. This template has good indicators collection. Which are macd, RSI, bb banda, stochastic oscillator, moving average &, etc….. You can create your own strategy with this template.
Read Forex market news. always follow the trend and avoid false market signals. Don’t trade against to trend. If so you can avoid false signals. You can get a great idea about the trend from the moving average. Moving Average is a good technical tool to analyze the trend.
Don’t enter to forex trade every arrow. Also, you can use the 1-2-3 price action pattern to enter trade.1-2-3- price pattern is the most famous price pattern.
How to identify a 1-2-3 price pattern for Down Trend.
- Point 1-It’s come from the Resistance level. The highest point comes from resistance.
- Point 2-It’s becomes the Support level.it is the first lower point.
- Point 3-It is beginning again resistance level. but it is lower than the first higher point.
- *Entry point- price goes out point 2 levels. It will continue the downside.
How to identify a forex 1-2-3 price pattern for Up Trend.
- Point 1-It’s come from the Support level. The lowest point comes from support.
- Point 2-It’s becomes the Resistance level.it is the first higher point.
- Point 3-It is beginning again Support level. but it is higher than the first lower point.
- *Entry point-price goes out point 2 levels. It will continue upside.
1-2-3 price pattern more important to identify forex trend reversal.you can get a perfect entry point from that.
How to trade Forex patterns-Trend Rider System
If you want to buy a forex trade, first you must identify what is the trend. If the trend is up, you can enter the trade when the price goes out to point 2 levels.
you want to forex sell trade, first, you must identify what is the trend. If the trend is down, you can enter the trade when the price goes out to point 2 levels.
When you enter to forex trade with 1-2-3 price action, you can confirm your entry point from the Trend rider system.