Wednesday, June 19, 2013

Identify Price Discrepancy & Candlestick Bar Formation: EURGBP CROSS RATE

CONSTRUCTING A TRADE ON THE EURGBP CROSS:

In the absence of news before a major risk event takes place, traders & strategist in the forex market tend to look for identifiable candlestick bar & price discrepancy that occurs in charting system providers.

Not to discredit them but simply to turn such discrepancies into a trading edge and an added support for technical analysis. Developing a keen eye to pinpoint such formations takes time and experience. This process helps to determine a more detailed approach in establishing an entry and exit strategy. And this is just one of the methods we apply in our trades. Click here to continue

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