Tags Posts tagged with "Price Action"

Price Action


This strategy works by detecting breakouts in EURUSD at times when volume is increasing sharply. Usually this coincides with the open of London markets.


You may have seen there are countless articles on the web declaring engulfing strategies are a sure bet and offer high probability trade opportunities. But does this approach really work? In this article I will do a thorough analysis of the data to prove if this method really stacks up.


This momentum strategy is very straightforward. All you need is the Bollinger bands indicator and to do some basic checking of chart candles. It trades on chart patterns that display signs of pending momentum – that is upward or downward acceleration in price.


Because of their properties hammer candles are a useful trading signal in two situations: Trend reversals and retrace scalping.