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M pattern strategy

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Trading with the M pattern, the M pattern is what is meant by the chart chart of a pair that forms like the letter M or in layman's language like a double top. But this is different and this is easier because we only make sure we are in the uptrend area and if there is the letter M, we immediately open a sell position posisi

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#1 - July 03, 2021, 12:43:09 AM
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I remember that this system is an old system that has been shared and is quite simple using a line chart
#2 - August 07, 2021, 01:51:58 AM

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This M pattern pattern is very good to be applied to an overbouht market, but for some reason I'm having a bit of trouble finding the pattern on GBPUSD


#3 - August 11, 2021, 02:04:01 AM
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The M pattern is a bearish chart pattern used in forex trading that signals a potential trend reversal. It forms when the price of an asset creates two peaks at a similar level, followed by a breakout below a support level. Traders use this pattern to identify potential selling opportunities and set their entry and exit points accordingly. The M pattern strategy involves placing a stop loss above the highest point of the M formation and setting a profit target based on the distance between the pattern's neckline and the M's peaks. As with any trading strategy, proper risk management is crucial to success. Traders should also consider other technical indicators and market conditions before entering a trade.
#4 - March 04, 2023, 11:24:36 PM

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