Forex best stop loss strategy

The forex price action pattern trading is most simple yet powerful forex strategy you’ll ever find. Question: When to use Forex Price Action Pattern? Answer: It works for any time. The pattern work best when the patterns follow the direction of trend (it also works against the trend).

But the good news is you don't have to! Use a stop loss!

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This means the trader is trying to profit by 70 pips. In reality, he is actually betting against the market because he is relying on the fact that the price will not descend more than 20 pips from the open price during the life of the trade. That could be up to 30 hours if the current trend continues (from Figure 1).

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