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The Hanging Man Forex

The Hanging Man Forex – The Forex Scalper:
The Hanging Man Forex is a Bearish candlestick pattern at the end of an uptrend. Mostly appears whenever there is a significant sell-off close to the markets high. However, buyers are capable to lift the pairs price up again so it closes nearby the opening level. Mostly a sell-off as seen as a loss of territory for the Bulls. It shows weakness.
As I said before, the Hanging man Forex is Bearish when occurs after an important uptrend. I hear you thinking. This patterns can easily occur after a downtrend as well right? The answer is yes indeed. However, when that happens it’s called a Hammer. Recognized by small red bodies (the small margin between open and close prices) and long lower shadows (the lowest is significantly lower as the open high and close).

The Hanging man has no or almost no upper shadow and a lower shadow at least twice as long as the body of the candle. The lower half of the shadow of the candle will give is the pressure of sel…
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Scalping Forex Strategy

Learn the Best Scalping Forex Strategy
What is a Good Strategy for Scalping Forex?

There are different strategies to be found when it comes to scalping. Often different indicators are used with scalping. The Forex Scalper does not actually work with indicators, but I have described a way in which you can use indicators (which I do not like at all) to the scalp.
Just for the sake of clarity, this is not the way we the forex scalpers work/scalp!

How to Start Scalping Forex Strategy?
Place a 5-8-13 SMA combination on the two-minute chart to identify strong trends that can be bought or sold short on counter swings, as well as to get a warning of impending trend changes that are inevitable in a typical market day. This Scalp trading strategy is easy. The 5-8-13 ribbon will align, pointing higher or lower, during strong trends that keep prices glued to the 5 or 8-bar SMA. Penetrations into the 13-bar SMA signal waning momentum that favors a range or reversal.