So we had a more in-depth look, and noticed that there’s some critical potential to commerce with a outstanding threat reward ratio.
The device you want for this buying and selling technique is IX Power MT4 or IX Power MT5
Here is what we discovered:
1 – That is the long-term pattern primarily based on our 1-week evaluation
2 – Here is the pullback of the short-term 4 hours occasion. It must hit the other excessive level to the long-term 1W pattern.
3 – Then we wait till the dotted 4 hours occasion crossed the impartial zero degree and enter a commerce within the route of the long-term 1W pattern.
And this is one other instance that is much more spectacular
1 – The long-term pattern is BUY
2 – The pullback reaches the acute reverse space
3 – The BUY pattern continues with the cross of the zero degree
As you’ll be able to see, there’s lots of potential as a result of you can begin your commerce with a decent preliminary cease on the final M5 candle or the final M5 excessive/low.
Consideration: This method works finest if the underlying trade of this index is open. (Frankfurt for DAX, New York for the US indices, and so on.)
I hope this helps to take advantage of out of your IX Energy utilization, and I am trying ahead to your suggestions on this method.
All the very best, and glad buying and selling