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How to Identify Strong Reversal Levels
You might be surprised to find out how many ways there are to discover reversals. In fact, there is an entire forex trading style dedicated entirely to using reversals to get in and out of the market. So, let’s go over the most important things to know about reversals, and how we as FX traders can make the most out of them. By definition, reversals are quite simple. It’s when the market goes in the opposite direction it was going before. The trick, of course, is to figure them out either as or immediately after they’ve happened. And that can be a bit tricky, because… Retracement or Reversal? The forex market tends ... (full story)
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