Forex on M2 highway

Peculiarities of M2 pattern’s formation and use

It is believed that Forex quotes move within price channels. The price channels are plotted through extremums. If the formation of extremums is accompanied with MACD divergence, traders may get prepared for an upcoming trend reversal. A series of conditions must be observed for buying what is cheap or selling what is expensive.  One of the patterns that use a combination of price channels, extremums and divergence is M2.

The pattern works best on the H1 time frame. The obligatory conditions for M2’s formation in a bearish market are: 

1. Two decreasing minimums,…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>