How to Determine the Lowest and Highest Spot of Correction in Forex

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Show breakout band that how strong the market to break support or resistance, continue to move to create direction. But not forever the price moves up or down. There are times when prices make corrections to stand and move further.

Here are Forex tips in determining the highest and lowest point of correction after the outbreak of the Bollinger band:

How to specify a top and a correction point using the Money Flow Indicator 3 period.

Previously on the cash flow index (3) which sets the first fixed minimum = 0 and the maximum constant = 100.

On the upward trend, if the MFI index (3) touches the zero and hexadecimal numbers touch the midline of the 12 band bowling period deviation 2. Then this is the lowest point of the correction.

Similarly, the downward trend, when Mavi (3) touched the number 100 while the Berda candle around the middle band, this is the highest point of correction after the breakout band down.

Using this Forex tips we can open a position when the price is in the highest and lowest position, meaning we get the best price with a very small loss possibility.