Learn The Effective 123 Pattern Reversal Trading Strategy

123 Pattern Reversal Trading Strategy

123 Pattern Reversal Trading Strategy

The 123 pattern reversal trading strategy begins by identifying three main points. For example, in an uptrend, when the market hits a new high, label that point as 1. We then wait for the price to pull back to a short-term support area. This point is labelled as 2. Finally, when the price moves up to an area between points 2 and 3, we label this as point number 3.

When price comes back down we trade a put option as it goes past level 2.

Read: Ultimate Guide To Trading Synthetic Indices

Choose the expiry equal to the time frame in which you spot the reversal.

Instaforex no deposit bonus

See more binary options strategies here.

Other Posts You May Be Interested In

How To Easily Register As A Deriv Payment Agent (2021)

Comprehensive Guide To Online Forex Trading In South Africa

How To Trade Without Verifying Your Account: Quick & Easy Ways

Other Posts You May Be Interested In

HFM Cent Account Review: A Comprehensive Guide ✅ 2024

Overall, HFM cent accounts are a good option for beginner traders who want to start [...]

Read More
Superforex Broker Review: 🔎 Is It A Good Choice For You?

If you're considering investing with SuperForex, it's important to do your research and make sure [...]

Read More
FBS Pro Account Review

In this in-depth FBS Pro account review, we will explore the account's features, fees, advantages, [...]

Read More
FBS Cent Account Review 2024 🔎 Is It Right For You?

If you're interested in trading with FBS Cent Account, you've come to the right place. [...]

1 Comments

Read More
How To Get $30 XM No Deposit Bonus Today 🎁

The XM no deposit bonus of up to $30 (R480) for new clients allows you [...]

Read More
Top 5 Best Forex Brokers With Zar Accounts (2024) ✅

HFM (Formerly Hotforex) Best ZAR Account Forex Broker HFM is by far the best broker [...]

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses cookies to offer you a better browsing experience. By browsing this website, you agree to our use of cookies.