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Pls i need good indicators that will help know when the forex market has completed a pullback.Thanks.
about 1 year ago
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You could also try candlestick patterns in combination with oscillators like stochastics, MACD or RSI. You can use these oscillators as confirmation tools whenever you see reversal candlestick patterns like dojis/hammers/etc.
about 1 year ago
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You can make use of the Fibonacci retracement tool and previous support and resistance levels. When a pair suddenly rallies or breaks above a particular resistance level or trend line, it could pull back and retest that broken resistance before continuing to climb higher. When a pair drops or breaks below a support level or trend line, it could retrace upwards to retest the broken support before proceeding to trend lower.
about 1 year ago
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One indicator that I like to use is the stochastics. It helps determine whether conditions are overbought and oversold. Though, you should not use it in isolation. Like what my friends above said, it is wise to use some other indicators like the RSI or MACD to confirm the signals that you're getting.
about 1 year ago
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