Reversal Points daily

Hi,
Is there any one who can trade if they get reversal point. the reversal points which i mention is somewhat different from pivots.

I have tested these point in the early days visually and the price really halts at some points.

If some one is interested i can show u how to plot those points.

but I cant figure out when to enter and if i enter then at which point should i exit???

Please Reply

Yes reversal point do happen in some days. Reversal happens due to to price exhaustion. The problem now is to time it correctly. Reversal points are low risk high rewards entry. This will be an interesting topic.

hi
reversal point is most important in forex trading. go ahead

brgs

This points are valid only for h1 timeframe.

Take the high low of the current day.
Then draw fibonacci from high to low with 100 , 61.8 , 38.2 & 0 levels

then draw fibo expansion this way-

A-B is 0-100% and c point is 61.8% of fibos.

this way you will get levels 61.8 , 100 , 161.8 , 261.8 % expansion levels.

these levels of expansion should be drawn both ways i.e 0-100 and 100-0%.

these will give levels upside as well as downside.

The market normally halts at these points.

Will post Picture later.

We have to ignore the inside daily bars.

this is the picture

i have drawn the fib expansion only for upside

the reverse we have to do for downside