Advanced Forex Blog

How to Take Advantage of Overextended Markets

March 15, 2022 | 4:08 pm | Advanced Forex Blog
March 15, 2022 | 4:08 pm
Advanced Forex Blog
How to Take Advantage of Overextended Markets

Overextended Markets

The5ers Classes are live demonstrations of advanced trading concepts explained at the beginning of each session.

In today’s class, Ruben explained how to identify overextended movements in markets and how to take advantage of them. This setup works extremely well after high volatility movements. He shows the example on EUR pairs that dropped sharply recently because of the situation in Eastern Europe.

He used the Bollinger Bands and Stochastics and included a market consolidation structure to identify the returning pattern.

Also, he opened a nice trade on Gold, riding the uptrend, exactly at the closure of the gap.

 

 

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