Trend reversal TRADE SET UP: #NZDCAD
Feb 24, 2020 at 12:16
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3 Replies
Member Since Feb 18, 2020
7 posts
Feb 24, 2020 at 12:16
Trend reversal TRADE SET UP: #NZDCAD Enter pending buy stop order in two parts for 2 exit strategy: 1st TP is 0.8495. If
hit move balance to reak even. Tp 2 is at 0.8620...If the trade does not execute today, pull the order.
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Member Since Jul 23, 2020
759 posts
Oct 07, 2021 at 15:31
It looks delicious. But trading is not that simple.
Member Since Jul 23, 2020
869 posts
Oct 07, 2021 at 20:36
Can you show the test result overall?
Nov 12, 2021 at 12:34
Well, it's kinda difficult to determine trend reversals when you have no idea how the trend is being created by market makers. There is supply and demand, when the supply is higher than demand, then the price goes down, when the demand is higher than supply, then the price goes up. That's how candles are being created actually. For trend reversals there are plenty of indicators, which help traders to determine whether a trend keeps its movement or it will be reversed. For example, triangle, double rop/bottom, flags and other things. So, it's easy to determine trend reversal if you have basic knowledge.
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