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Forex Signals The Breakout Trap & Reverse Trade Trigger - one of the best Forex signals used with price action trading.
The anatomy of the Breakout Trap & Reverse trade is made up of a two candle combination, where the second candle is the actual trade trigger. This is the only price action setup that we trade „live‟, which means we don‟t need to wait for the trigger candle to close before a valid signal is produced. The Breakout Trap & Reverse trade can produce explosive long term movements. This is one of the reasons they are one of the best Forex signals.
Forex Trading Signals
A candlestick is the graphical representation of the High, Low, Open & Close price during that candles open period. Using these four points of data we can tell a great detail of what happened during the candle‟s session. We use this “visualized data” to anticipate where price may most likely be moving much more quickly.
Best Forex Signals The explosive, rapid profit potential of this trade setup is the reason why it‟s my favourite and best forex signals included in our price action trading system. This trade setup is a revised version of our „Outside Candle‟ trade setup.
The Outside candle trade setup is the closed candle version of the Breakout Trap & Reverse signal. This means with Outside Candles that we don‟t have a signal until the actual candle has closed. The problem here is we can miss out on a decent chunk of the move. By improving the signal parameters and trading it live, we can nail much better entry prices and improve our overall trade reward potential.
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