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katya1

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Posts: 9
Reply with quote  #1 

Good confirmation of rising or falling

How to understand if there's a false breakdown or not? Often the breakdown gathers stop losses. You need a more accurate indicator. I use the range bar. Having configured the necessary settings of the delta, I can understand where there's a real prerequisite for strong growth, and where the price goes in a certain balance: from edge to edge. Note the following examples: ES, EUR / USD, WTI. 

Range bar sets the bar not on the time parameters, but upon accumulation of the delta. I draw your attention to the rate of accumulation. If the bar is formed rapidly, within 5-10 minutes - it greatly increases the chances for confirmation.

And what patterns or indicators do you use to confirm a trend?
Reng bar ES (1).jpg 6E (1).jpg  cr oil (1).jpg   


michelle

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Posts: 26
Reply with quote  #2 
Hello,
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VendyTan

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Posts: 157
Reply with quote  #3 

EUR/USD gains look unlikely to last

EUR/USD has been rallying after a small double bottom was completed yesterday. We are turning higher from here, but it looks likely any rally will be a retracement preceding another move lower.

As such, short-term gains could set up a break higher, yet watch out for the likes of $1.0952, $1.0968 and $1.0995 as potential bearish reversal areas.

After climbing as high as the 1.0950 area on Wednesday, EUR/USD has sparked a correction lower to the current 1.0900 neighbourhood. But now it is going up towards 1.0917. 

Stay tuned for more Forex updates & Forex trading tips.

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