Are There Fail Proof Forex Patterns?

[moonchild]

In forex there are a lot candlestick patterns that are called fail proof by expert, after back testing these patterns for a long time, they are known to always deliver, some well known forex traders like Nial Fuller use this kind of strategy to trade as his sole strategy, so 8-THIhe do not trade any type of strategy apart from it, so today we will do a deep dive into these strategies and learn more about them.

1) Bullish or Bearish Engulfing pattern, this type of pattern is said to be a fail proof pattern in the currency market when they happen at a key support and resistance level, you can back test it and see, you will find a lot of instances where it happens over and over again, even though it is a fail proof patter it is advisable to use a sound risk management system.

2) Head and Shoulder: This type of pattern happens when there will be a possible reversal in the trend, when you go back in time and check you will see that a lot times that this type of pattern happens there was a reversal, especially at key levels.

If you want to know about more fail proof patterns, please comment below.

 

[King bell]

When it comes to forex trading, there are no fail proof patterns. However, there are certain things that you can do to improve your chances of success.

One of the most important things you can do is to develop a solid trading plan. This plan should include your entry and exit points, as well as your risk management strategy.

Another important thing to remember is that no one forex pattern will work all the time. You need to be flexible and be willing to adapt to changing market conditions.

Finally, don’t get caught up in the search for the perfect forex pattern. There is no such thing. Instead, focus on finding a few reliable patterns that you can use in different market conditions.

 

[Ivo Zetticci]

Make proper research over the market before opening an entry. Initially you can hire a guide to seek advices from him but you have to bolster your ability ultimately. All the facilities provided by Eurotrader broker help a trader highly in earning large amount of profit.