Forex Trading Strategies

1-2-3 Patterns: Understanding Forex Trading Success

5 min read

The 1-2-3 pattern forex trading strategy is a highly reliable and straightforward system for trading the financial markets. This strategy utilizes the power of the trend and 3-point chart patterns to identify entries and exits in the market. The 1-2-3 pattern is composed of a reversal point known as “point 1,” followed by a retracement point known as “point 2,” followed by another reversal point known as “point 3.” When these components are correctly identified and combined, traders have the opportunity to capitalize on strong trends in the forex market. The 1-2-3 pattern is simple and time tested, creating an intuitive way to apply technical analysis to one’s trading.