radex78 Posted February 8 Share Posted February 8 Forex trading is a profitable business, someone might be able to get rich from forex trading if they understand the method and knowledge. Various trading methods allow traders to profit from market volatility. The most common and widely used strategy is learning how to trade on support and resistance. The support and resistance areas themselves are considered to be areas that prevent prices from moving further, in these areas rejection often occurs so that they are potential areas for gaining profits. However, the different ways to determine support and resistance can make a difference in perspective when looking at support and resistance. Several methods used to determine support and resistance refer to the FXOpen blog such as Trendline, closest swing points, round numbers, Fibonacci retracement, Pivot points, and dynamic lines such as using MA or Bollinger bands. Apart from this strategy, it turns out there is also a unique strategy called Triple Gap or San-Ku. This term may or may not be Japanese. I just discovered this term in an FXOpen blog article. San-ku is a triple gap or three gaps that have the potential to provide a reversal trading signal. This pattern is characterized by three candlesticks with gaps between one candlestick and the next candlestick in a row. However, if for example, encounter a San-Ku or Triple Gap pattern, this may provide a strong reversal signal considering that the trend will have a peak Quote Link to comment Share on other sites More sharing options...
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