Profitable Forex Trading System Revealed

The technique I will describe below is a great opportunity to jump in a trade. The set of rules that I describe can be used as a Forex system. I have heard many names for this technique with the most successful one called the "Pinball Trade".
It is the first system I learned and applied successfully during my long trip in Forex research. Experiment with it and see the results on your own. For now let's see how this system is applied.

When you recognize an uptrend or a downtrend in Forex charts try to create the channel that includes this trend. When the price hits the one channel line and returns to the other channel line try to see if this line coincides with a Fibonacci retracement level.
The price does not necessarily have to hit both the channel lines but the price swing has to be restricted from the channel lines.

This trade setup will give you a high opportunity that the price will reverse (76% of the time according to long term research). Take a good care to design correctly the channel lines and the Fibonacci retracement levels.

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