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best forex trading strategy for Double Bottoms

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best forex

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best forex trading strategy for Double Bottoms


Published by bestsignals on October 27, 2018


Double Bottoms and best trading strategy
 Downward price trend
 The short-term price trend leading to a double bottom is down.
 Two valleys
 Look for two valleys that bottom near the same price. Near means within about 5 percent.
 The bottoms should look as if they are at the same price.
 Valley separation
 The time between bottoms varies, but two to seven weeks results in the best performance.
 Peak
 The peak between the two bottoms should measure at least 10 percent, but exceptions
 are numerous, making this guideline almost useless.
 Confirmation
 Price must close above the highest peak between the two bottoms. If price closes below
 the lowest bottom before confirmation, it invalidates the double bottom.



A double bottom is a twin valley pattern with valleys that bottom near the same price.



The double bottom acts as a bullish reversal of the downward price trend.



The time between bottoms and the price variation is less important than confirmation. An unconfirmed double bottom is just squiggles on a price chart



Reversal chart patterns, such as double bottoms, must have something to reverse.



If the price trend leading down to the double bottom is shallow, do not expect a large rise after confirmation.



best trading strategy Trade with market trend To improve your odds, trade this bullish pattern in a bull market.



Measure rule
 Compute the height from the highest high between
 the two bottoms to the lower of the two bottoms then
 add the difference to the highest high. The result is the
 target price.




Linkback: https://www.forex.zone/trading-systems/10/best-forex-trading-strategy-for-double-bottoms/358/
#1 - October 28, 2018, 08:29:04 PM
« Last Edit: August 06, 2024, 12:41:06 AM by Admin »

zoner455

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Very informative post. Unless it is news time.. this should work
#2 - October 31, 2018, 05:02:34 AM

Miftah

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Quote from: zoner455 on October 31, 2018, 05:02:34 AM
Very informative post. Unless it is news time.. this should work
absolutely right, bro, because the news time greatly influences the existence of a very significant candle movement
#3 - February 04, 2019, 08:15:15 AM

jonforex

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Quote from: Miftah on February 04, 2019, 08:15:15 AM
absolutely right, bro, because the news time greatly influences the existence of a very significant candle movement
With us being able to understand the double bottom or double top pattern, the capital that we manage will be easier to be able to produce optimal profits. And we must try to be able to understand it, to be successful and successful in forex trading
#4 - February 04, 2019, 11:53:34 AM

Fxortrader

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double top trading strategy, I have never tried this strategy, but from my understanding, this strategy sees the movement of the double candle parallel. the signal can provide a significant movement.
#5 - February 04, 2019, 03:30:02 PM

joni pratantyo

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interesting information,
can you include an example at market, how to place this technique to make it easier to understand
#6 - February 04, 2019, 05:52:07 PM
« Last Edit: February 04, 2019, 06:04:12 PM by Admin »

Rudi

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how to calculate for the open position of this technique is the same as the technique that I have developed now, because it is seen from shoots and valleys as a reference or support and resintance 


#..
#7 - February 05, 2019, 04:23:44 AM

Rendy94

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this technique is very effective for identifying reversals, but in certain conditions they do not work because of news, my advice should be combined with price action
#8 - February 05, 2019, 07:00:47 PM

Ruslan H

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Never tried this technique before could u explain to me more spesified
#9 - February 05, 2019, 07:59:40 PM

Miftah

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Thank you for the info, bro, but has this signal been tested and trusted?
#10 - February 07, 2019, 04:05:10 AM
« Last Edit: February 07, 2019, 04:17:12 AM by Admin »

Tahajud

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best forex trading strategy for Double Bottoms in Trading Systems_DB


example of a double bottom strategy, so that it is easier to learn and understand, so that it can be practiced easily



#11 - February 07, 2019, 04:56:11 AM

Kirinkato

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It is very unfortunate that there is no explanation about the technique of opening transactions with this pattern. if there is an image that can explain this then I will be very grateful.
#12 - February 08, 2019, 01:03:18 PM
« Last Edit: February 08, 2019, 01:12:28 PM by Admin »

Satria41

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a very interesting pattern where there are valleys there are mountains as well as imagination techniques, hehe

the area will be the same as the market balance, the conclusion is that there is the highest value and the lowest value ...
#13 - February 08, 2019, 06:22:38 PM

ageseko

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Quote from: Tahajud on February 07, 2019, 04:56:11 AM
best forex trading strategy for Double Bottoms in Trading Systems_DB


example of a double bottom strategy, so that it is easier to learn and understand, so that it can be practiced easily


for the double bottom it has been marked and then to make a line that determines the level of pullback how, is there a special rule
#14 - February 09, 2019, 04:39:35 AM

Bintang

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Waah ... That is an extraordinary thing. I became aware of various trading techniques as you stated. I am still in the learning process, and here I will listen to how the masters expressed their opinions. Because I am still far from the word can ... May I get good knowledge from here ..
#15 - February 09, 2019, 04:56:40 AM
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