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Posts tagged another way of saying this is 123 reversal and you are trading the pullback as your entry trigger (blue line). there are a few variations of this pattern but this is quite simply a price action bias c

123 Reversal

123 Reversal

A 123 Reversal Pattern happens on a daily basis and if recognized early enough, will facilitate turn out high chance, low risk entry points once used as a part of associate degree intraday commercialism strategy. Note: The 123 Reversal Pattern isn’t restricted to intraday commercialism. It will be used with all sorts together with Scalping, Day commercialism Swing commercialism or future finance to assist confirm smart entry points.


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We all wish to undertake and choose a bottom for an extended position entry purpose or a high for a brief position entry purpose. Learning to acknowledge this pattern will assist you just do that.

123 reversal

First, let’s consider once an occasional, or bottom happens. we all know a bottom occurred once the actual fact, and that we acknowledge it as a bottom once the next low forms. In order for the next low to possess shaped, the previous low has got to hold as a terms, and can’t be broken.

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123 Forex Entry

123 Forex Entry

You will see what was a possible 123 high that’s close to be blown. This was wanting sort of a pretty nice pattern till the previous few minutes once it began to check the amount one high. this instance is on the EUR/GBP H4 (4 hour / 240 minute) chart on 12/6/2013 around twelve noon NY Time.


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Now you’ve got your initial 123 setup. Officially, your trade entry may be a break of the amount two purpose to the draw back. Although, of all the attainable 123 trade methods, that’s my least favorite as a result of it needs you to risk the foremost pips and thus needs you to trade with the littlest size. I truly take as several as 3 totally different positions on 123 reversals – however we’ll get to it later in our story

123 forex entry

I use 3 totally different forex entries for the 123. the primary one is what I decision “cheating the amount three point”. The second is commercialism the “standard” break of the amount two purpose and therefore the third is to trade the retracement when the break of the amount two purpose. My favorite entry is cheating the amount three purpose as this will be through with little risk, fairly giant trade size and works quite well.

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