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The strategy consists of determining the optimal entry point using a purchase order. First, highs and lows. Then, a range of additional high and low points is formed below the previous ones. It is necessary to draw resistance and support lines based on four touches. At the level of the first maximum we place a pending buy order. We set the stop-loss between the first high and low of the price. The key difference of this strategy is the possibility of moving the pending order to the second high of the price, which is slightly below, and setting the stop-loss in the center between .
The second high and the low. Furthermore, this strategy does not require monitoring price developments. LiteFinance: What is Bull Flag Pattern: How to Use Bull Flag in Forex | LiteFinance “Operate with Peru Mobile Number List the market” strategy LiteFinance: What is Bull Flag Pattern: How to Use Bull Flag in Forex | LiteFinance This strategy is similar to the first one. The only difference is that the transaction is opened manually. It is necessary to identify the “flag” pattern on the chart and in the same way to determine the resistance and support levels. When the resistance level is broken, a buy position is opened. The stop-loss is placed slightly below.
The support. Trading in the market aims to minimize risks and open a buy position at a better price on the breakout of the resistance line. LiteFinance: What is Bull Flag Pattern: How to Use Bull Flag in Forex | LiteFinance Get free access to a Forex demo account without registering on an easy-to-use platform GO TO DEMO ACCOUNT Tips for using the bullish flag Having tested this figure, I would like to tell you about some details that are worth paying attention to when trading: To correctly place the stop-loss and take-profit, it is better to stop looking for the figure on different time frames. You need to choose a time.
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發表於 2024-3-9 14:33:38
