Forex mnemonic

Forex mnemonic ‘s are a great way of remembering lets look at how it works.

The mnemonic is to aid memory of the checks or processes associated with placing a forex trade. The Mnemonic is to check  ” 22macttoolss”  before placing a trade.

• 2cycles – are there 2 clear cycles of the trend
• 2 Phase – is the trade in phase 2 of the trend either up or down in the high time frame
• MA – is the trade on the Moving Average
• Candlestick – Is there any sign of a engulfing, three sides up, morning star or other (bullish or bearish indicators)
• Trend – Is the trade on a trend
• Tools (currency pairs) – Does the currency pair have separation in the tools tab
• Stop loss and spread – Is the stop loss appropriate and is the spread acceptable.

Ask ‘22macttoolss‘ before placing a trade