Good day, merchants!

On this submit, I need to share with you a buying and selling technique that I’ve developed not too long ago and have nice potential for merchants who need to go PropForms challenges and commerce funded account of buying and selling PropFirms like FTMO and FundedNext.

Comply with my MQL5 channel for day by day market evaluation, indicators and buying and selling robots:

https://www.mql5.com/en/channels/fusion_forex_insights

  **FTMO Problem:** [FTMO Challenge Link] (click on right here) , examine this hyperlink of the FTMO problem that I’ve handed primarily based on this technique.

This technique is predicated on 4 fundamental components: discovering technical key assist and resistance ranges, calculating the liquidity absorption potential of the forex, measuring the relative energy of the forex primarily based on technical and elementary evaluation, and incorporating elementary evaluation and information which are associated to the forex. Let’s dive into the main points of every half.

Half 1: Discovering technical key assist and resistance ranges

The primary a part of the technique is to determine the important thing assist and resistance ranges on the chart of the buying and selling instrument. Help and resistance ranges are horizontal or diagonal traces that point out the place the value is more likely to bounce or reverse. These ranges are decided by the earlier value motion, akin to highs, lows, breakouts, and consolidations. Help and resistance ranges will help us to search out entry and exit factors, in addition to to set stop-loss and take-profit orders. Right here is an instance of how to attract assist and resistance ranges on the EUR/JPY chart:

[Image of EUR/JPY chart with support and resistance levels]

Half 2: Calculating the liquidity absorption potential of the buying and selling instrument

The second a part of the technique is to calculate the liquidity absorption potential of the buying and selling forex. Liquidity absorption is the method of absorbing the surplus provide or demand available in the market by giant institutional merchants or market makers. Liquidity absorption can create value actions and reversals, in addition to lure retail merchants on the unsuitable aspect of the market. To calculate the liquidity absorption potential of the buying and selling instrument, we will use the Liquidity indicators, which analyzes the candlestick formations and buildings to determine potential liquidity absorption zones. The Liquidity indicators use the wick-to-body ratio and the physique dimension of the candles to find out the importance and route of the liquidity absorption.

[Image of Liquidity indicator table data]

 
Half 3: Measuring the relative energy of the buying and selling instrument primarily based on technical and elementary evaluation

The third a part of the technique is to measure the relative energy of the buying and selling instrument primarily based on technical and elementary evaluation. Relative energy is the energy or weak spot of the buying and selling instrument in comparison with different buying and selling instruments or a standard benchmark. Relative energy will help us to determine the perfect buying and selling alternatives and to keep away from the worst ones. To measure the relative energy of the buying and selling instrument, we will use Foreign money Energy Meters, which is a graphical illustration of the energy or weak spot of currencies in Forex. The Foreign money Energy Meter can present us the relative energy of all majors and assist us to decide on the perfect forex pairs to commerce. Right here is an instance of methods to use the Foreign money Energy Meter:

[Image of relative performance chart data]

 
Half 4: Incorporating elementary evaluation and information which are associated to the buying and selling instrument

The fourth and closing a part of the technique is to include elementary evaluation and information which are associated to the buying and selling instrument. Basic evaluation is the examine of the financial, political, and social components that have an effect on the provision and demand of the buying and selling instrument. Information is the data and occasions which are taking place on the planet that may affect the market sentiment and the value actions of the buying and selling instrument. Basic evaluation and information will help us to know the underlying developments and drivers of the market, in addition to to anticipate and react to sudden shocks and surprises. To include elementary evaluation and information into our buying and selling technique, we will use the Financial Calendar, which is a instrument that lists the upcoming financial information releases, central financial institution choices, and geopolitical occasions that may impression Forex. The Financial Calendar will help us to arrange for the potential volatility and alternatives that these occasions can create. Right here is an instance of methods to use the Financial Calendar:

[Image of Economic Calendar]

 
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**Hyperlinks:**

1. **Foreign exchange Fusion Insights Channel:** [Link to My Channel] (click on right here)

2. **MQL5 Profile:** [Link to My MQL5 Profile] (click on right here)

Embark on a journey of discovery as you discover the main points of my triumph, be taught from the technique that led to success, and achieve precious insights that would probably form your buying and selling endeavors.

Keep in mind, success in buying and selling isn’t just concerning the vacation spot—it is concerning the journey, the methods employed, and the teachings realized alongside the best way. Here is to profitable buying and selling and continued success for all!

Joyful Buying and selling! 🚀📈