The only M and W formations strategy you’ll ever need in Forex
If you had done that before we jumped into the chart because I’m going to go there, you’ll stay there but I’m going to go there and then I’ll be behind the scenes and tell you a little more information about the information if you’ve ever looked into information or W formations and you know they can be powerful Now, I don’t normally look for it to some extent, but when you see it an opportunity for you to bank and pips now, I’m trading the GBP/JPY and I was looking at the New Zealand pound and I saw the beginning of an M formation and I felt confident that this would be a good idea because it looks like it’s It will do some magical things.
The only M and W formations strategy you’ll ever need in Forex
If M stands for magic, this makes perfect sense, so what we’re going to do is we’re going to go over the chart and then I’m going to give you a really quick way how to find m decks that you’re going to love, so don’t turn off the article and watch another article clip after this one because You will constantly get ideas to constantly repeat Well, this will help you throughout your training journey.
I don’t know why I’m starting to sound like a robot, but let’s jump in, I’ll show you a quick way to hack mnw and forex formations, so stick around. I’m going here okay, it wasn’t going well, so here we are behind the screens and I just wanted to give you as promised the law of finding M and W formations.
What is the M and W formations strategy in Forex?
Now if you have never heard of the W formations some traders prefer to use these particular patterns for training and they do it regularly and consistently because they are always looking for these formations I promise you that once you focus on their appearance you won’t be able to see them.
That is, I usually don’t make promises but when you start diving into mnw decks, you’ll find yourself not understanding what’s going on so just to give you a little bit of background so you can understand the information and the information is usually what we’re going to look like.
At resistance the W formation is what you are looking for at support now there is one more thing to take it further, do not expect it to be a perfect ending every time they will not look alike right?
M and W formation patterns in Forex
They may look like this Right or even a W They may look like this Or they may look like this Keep in mind Don’t be strict with what you look like Just understand what the market is saying This is a psychological Psychological Statement about the market Okay now, what are We’ll do it before I point it out.
I want to give you a few seconds to see if you find it now in this area I’m going to draw a box around it and I hope you can see it and if not that’s okay because I’m going to show it to you now I’m going to give you a few seconds one two three so I’ve seen it and I hope you can find it if not So, that’s what this article is worth, here’s your first leg, then the decline, then the top, then the massive decline.
Japanese Forex chart and its relationship to Forex formations
This is exactly what I saw when I opened up my chart and looked at this pair well this is exactly what I saw and it’s all great when you’re in situations like this because you see things and you say forex trading so now let me deal with the bitch.
It’s better not to get caught up and try to make it okay, don’t get caught up in this idea, you want to see it start like this from this formation and your goal is to get into the second leg and get into the first leg, okay, so don’t try to come in here and say trade Forex.
Definition of decline in Forex formations
It’s not just because they can do it now if you get a formation at resistance and it hits that and then you get something like that and it fails to go higher, this is an opportunity to you should write down this information now as I promised you, I told you I was going to give you a breakout and if you have read Support and Resistance Breakout article, you probably know where I’m going with this if you haven’t read this article make sure you read it because this will change your trading.
Plus having a simplified way to find support and resistance will greatly help you out in the same hat but with a different intention, yes we are looking for their intentions and paying attention, yes, that wasn’t funny anyway, so that’s okay here, we’ll move on to the line chart.
Forex pattern formation charts
You guys know I don’t have my lines running so I had to stop that guy I know I’m a proponent, but I don’t know why more traditionalists are adopting the line chart, the line chart, I understand it too, I mean of course the candles give you a lot of information but the line charts are lit because It starts with Li.
Anyway, so here we have a nice level of resistance and what I’m going to do is show you what I saw when I opened this chart, and this is what it looked like, remember I didn’t get involved in trying to make this low
Summary
This is the decline in Forex and everything I saw in this chart was this is what it looked like so my main goal was to find a good entry point which was usually here if I’m not mistaken it was like it was literally in this area and to pull This bad boy to this area, now look at this listen carefully, let’s just I’m going to erase this beautiful graphic that’s on your screen.
