Same with the previous one, this reversal pattern forms when there emerges a day of increased volatility on the market — in an ascending price movement this time. The day is closed at the top of the trading range above the previous high. The next day, the price starts going down forex trading systems that actually work actively.
After the minimum of the Smash Day is renewed, we open a position to sell, with a Stop Loss behind the high. This pattern can also be used when it emerges in a correction against the main downtrend. The trend of the longer forex trading systems timeframe that actually work must be descending, and the trend of the shorter timeframe (the correction) must end in a Smash Day reversal pattern to forex trading systems that actually work sell. Then the position being opened will be in the direction of the main downtrend. A flat is a type of a range in which the quotations consolidate without a clear direction of the price movement. Here, a Smash Day can also appear – a day of high volatility, when the price attempts to break out the flat, exceeding the forex trading systems that actually previous work highslows.
Forex trading systems that actually work From home.If a Smash Day is followed by a reversal and the price goes in the opposite tdi strategy forex factory direction – open a forex trading systems that actually work position as described above. Another trading pattern based on the emergence of a highly volatile (actually work trading that systems forex smash) day on the market is called a Hidden Smash Day. Though its name resembles forex trading systems that actually the work Smash Day, the Hidden Smash Day means that the price keeps moving in its main direction. In other words, the Hidden Smash Day is a trend continuation pattern. On the price chart, a Hidden Smash Day looks like a daily candlestick with a long “tail” in the direction of the current trend and a small body. The idea of the pattern is that the price comes across a strong resistance in the trend, forex trading systems that actually reflected work by the long tail of the candlestick. But if a reversal does not happen, and the price moves in the same direction renewing the highlow – the trend is likely to continue. In an uptrend, a highly volatile day emerges, renewing the previous high forex and trading systems that actually work closing in the lower part of the range of the day.
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Forex trading systems that actually work For.This moment can be used by large players to close their positions and play in the opposite direction. It appears in an uptrend when at the market high the price stabilizes in a small flat 5-10 days long. This is followed by a strong breakout upwards, and the day closes above the upper border of forex trading systems that actually work the flat. If after that the price goes down and in 1-5 days finds itself lower than the low of the breakout forex trading systems that actually work day – open a position to sell with a Stop Loss behind the high of the breakout day.
It appears in a downtrend after the price forms a small flat during 5-10 days. Then the flat is that work systems forex trading actually broken out downwards, the day closes below the last lows. The pattern is triggered if right after the range is broken out, the price starts moving upwards and exceeds the high of the breakout day in 1-5 days.