EXCERPT: #TSOT -
Reverse/ Inverse Price Action Analysis - Having a Balance between Technical & Fundamental Analysis through Price action & Market Behavior by MegaTrade101
Brief Description
Understanding price action & its direction moving forward would have to undergo a certain process to be able to achieve a high degree of accuracy in determining where the next directional price trend will take its course. This is where a balance can be derive between technical other than the fundamental analysis that takes place.
The application is best suited for the Foreign Exchange Market & Correlated with the Financial Futures. This is the most basic formula to gauge market direction as it horizontally expands into a complex dimension called the
'CIPHER3 ™ Analysis by Sir Alexander @megatrade101'. This is where
Spot prices are compared with the
financial futures inverse prices on selected currency pairs that becomes embedded and part of the trading equation.
[External Forces] >Price Action based on (OHLC) Price Page Indicator is >/< Futures Prices ( Inverse Relation ) >[Premium or Discount]< Specific Technical Tools = Trend Direction
External forces are the fundamentals factors that drives market prices that heavily influences price movement directly and/or indirectly. Since markets are relative and correlated; financial instruments affects each other especially in today's global trading activity. Once the markets have absorbed data and news reports traders and strategist reverts back to the drawing board by checking for historical price references.
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