Wednesday, 2 September 2015

1-2-3 Forex Price Pattern

Let us use AUDUSD price  movement as an example. Below is AUDUSD price movement in the first week of September 2015


How to trade this formation:

First:
It's start with a set of price movement (at least three candle) with a the same color

Second :
The price movement produce a candle with different color

Third (the last):
Wait for the price to break the lowest price, when it closed below the lowest price, the 1-2-3 formation is confirm than you can open position based on the price direction.

enjoy your trade!

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