How Best to Use Harmonic Patterns in Forex 👍
How to Use Harmonic Patterns in Forex PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Harmonic pattern trading strategy and how to use the harmonic scanner effectively. The Harmonic Scanner is a flexible tool with IML, where the patterns in the charts are drawn out for you. Most forex trading platforms will come out with a harmonic pattern indicator that can help you spot and measure the harmonic pattern. Forex harmonic patterns utilise FIbonacci numbers to pinpoint accurate trading points. The harmonic pattern indicator can help you spot market turning points with a better level of accuracy.
First of all in my opinion you have to thrash out the 5-minute and 15-minute timeframes. I like to base it on the 4-hour and daily timeframes because the higher timeframes are more solid and more probable. In trading you want to take low risk, high reward trades… Harmonic Scanner Training | How to use it