Good day Merchants, we had a commerce on GBPCAD on H1 time frame that in the present day 13 September 23 the market already moved +3100 Factors!
On this commerce we seemed first on the Italo Pivots purple resistance line, the market touches and rejects it, on this rejection I bought gray candles from Italo Pattern, gray candles from Italo Pattern means on this case that the uptrend is not robust, and the opportunity of reversion. The final affirmation of the reversal was the neon line of Italo Quantity Indicator bellow the 1.5 horizontal gray line, which means that the uptrend is not robust, and the opportunity of reversion.
Check out the motion:
So, I had 3 superb confirmations to commerce a reversal of worth, all of them displaying the tip of the uptrend and the start of the reversal, with that our possibilities elevated quite a bit to take a reversal commerce.
I entered the market with a promote order, with the cease loss above the final excessive and take revenue utilizing the Italo Pivots inexperienced line, that could be a assist line.
This technique above makes use of 3 Indicators: Italo Pivots, Italo Pattern and Italo Quantity, the three Indicators buying and selling collectively you should have an incredible combo to take large reversals and continuations/pattern trades.
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Italo Pivots Indicator (MT4) Italo Pivots Indicator (MT5)
Italo Trend Indicator (MT4) Italo Trend Indicator (MT5)
Italo Volume Indicator (MT4) Italo Volume Indicator (MT5)
For any questions associated to the acquisition, set up, backtesting and use of the Indicator, ship me a personal message on my profile right here on mql5
