Hi there Merchants, we had a commerce on GBPCAD on H1 time frame that at this time 13 September 23 the market already moved +3100 Factors!
On this commerce we seemed first on the Italo Pivots pink resistance line, the market touches and rejects it, on this rejection I bought gray candles from Italo Pattern, gray candles from Italo Pattern means on this case that the uptrend is not robust, and the potential for reversion. The final affirmation of the reversal was the neon line of Italo Quantity Indicator bellow the 1.5 horizontal gray line, which means that the uptrend is not robust, and the potential for reversion.
Check out the motion:
So, I had 3 superb confirmations to commerce a reversal of value, all of them displaying the top of the uptrend and the start of the reversal, with that our chances elevated quite a bit to take a reversal commerce.
I entered the market with a promote order, with the cease loss above the final excessive and take revenue utilizing the Italo Pivots inexperienced line, that could be a help line.
This method above makes use of 3 Indicators: Italo Pivots, Italo Pattern and Italo Quantity, the three Indicators buying and selling collectively you’ll have a tremendous combo to take large reversals and continuations/development trades.
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Italo Pivots Indicator (MT4) Italo Pivots Indicator (MT5)
Italo Pattern Indicator (MT4) Italo Pattern Indicator (MT5)
Italo Quantity Indicator (MT4) Italo Quantity Indicator (MT5)
For any questions associated to the acquisition, set up, backtesting and use of the Indicator, ship me a non-public message on my profile right here on mql5
https://www.mql5.com/en/customers/italobr
