Forex Trading Strategies on the break in prices through the available levels are considered more effective methods of managing commercial transactions, provide the trader a high profitability iochen often they have an association with stop orders that are opened at the moment of breakthrough price levels, thus providing a chance to take a trading position at the beginning of developing a pulsed movement.
However, the stops are not always very practical, and sometimes even dangerous for the trading deposit, so this type of trading is not always justified. For forex strategies, calculated on the breakthroughs, the options transactions on the market by using limit orders allow traders to profit at sufficiently low risk. Best of all it can be implemented directly in the subsequent corrective movement in the market.
Conclusion of the transaction to purchase the support level in the area between the penultimate and the first peak prices Fibo-levels last completed market movements in the market down.
For we often see prices moving up the growing foreign exchange market, which are developed in a zigzag manner. Usually, in the first third part of the trend, as soon as he had already delineated and bulls in the market shifted to the offensive, bears (those who want to sell) still have great power, so they often obtained after each spike prices upward to lower prices so that they are at this lowered to the level of the penultimate peak in the market. The result - sometimes the price drop stops, and then you need a new surge, which pushes prices higher. But the market - it is absolutely not a place where all levels are marked, and will stand in their places, and that is why at the last summit, the prices can not at all find support, while dropping even lower. If the trend in the market is strong enough, then the depth of the decline in prices is very rarely exceeds 23% solution of the Fibonacci level, and even less - 38% level Fibonacci of the last fully completed the movement of prices down.
That's it, this zone, which is bounded on the penultimate vertex of the graph, and a 38% Fibonacci level of the last completed down price movement is a good place to make a deal on a purchase. Figure 2 shows the search terms for the transaction to purchase.
