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Solid ECN Securities | Best Place to Trade CFD Products
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[QUOTE="SOLIDECN, post: 210386, member: 80239"] [JUSTIFY][img]https://i.ibb.co/mJQDhfj/5.png[/img][/JUSTIFY] [HEADING=1][JUSTIFY]Trading Example[/JUSTIFY][/HEADING] [JUSTIFY]You’re seeking to join an existing trend when you trade the Mat Hold pattern. As a result, you’re waiting for the market to retrace in order to jump on board without incurring too many risks. As previously stated, the Mat Hold chart pattern can emerge in bullish and bearish trends. Because it’s a continuation chart pattern, you’ll want to pair it with Fibonacci retracement levels to understand support and resistance levels better. [/JUSTIFY] [HEADING=1][JUSTIFY]Limitations of Mat-Hold Candlestick Pattern[/JUSTIFY][/HEADING] [JUSTIFY]The mat hold pattern is difficult to come by. However, it happens occasionally, and the price does not always move in the expected direction when the pattern is followed. For the mat hold pattern, there is no profit target. The pattern does not show how far the price could go if it moves as planned. Another method, such as trend analysis or technical indicators, or possibly another candlestick pattern, will be required to determine an exit. The mat hold pattern is best used in conjunction with other types of analysis because it can be unreliable if traded alone. [/JUSTIFY] [HEADING=1][JUSTIFY]Bottom-line[/JUSTIFY][/HEADING] [JUSTIFY]We hope you found this blog informative and use it to its maximum potential in the practical world. Also, show some love by sharing this blog with your family and friends and helping us in our mission of spreading financial literacy.[/JUSTIFY] [HR][/HR] [JUSTIFY][url=https://solidecn.com/news]Visit solidecn.com[/url] [url=https://www.trustpilot.com/review/solidecn.com]Trust Score 4.9[/url][/JUSTIFY] [/QUOTE]
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