I know some traders use technical indicators (overbought/oversold, Divergence, etc), formulas (pivot points, Fibonacci, etc), even moon cycles to predict market turns…
But I use a more simplistic approach.
Tags: market turns, simple, strategy
Tag: simple
Look my friends, there are thousand of strategies out there! You name it, indicators based, pivot points, Fibonacci, Gann, price action, MA cross overs, etc.
But the best strategy, will always be this:
I know you are going to ask me, what do you mean by easy?
Well, from my point of view, the easiest currency pair to trade is always the clearest currency pair.
You see, when the market its clear, its way easier to trade because you know what it is likely to do, if its got clear S&R levels, you know at what levels the market is likely to reverse, etc.
Before trading any currency pair, you need to ask yourself 3 questions: