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These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. Necessary Always Enabled Necessary cookies are absolutely essential for the website to function properly. After a while, buyers took control and the price started to go in the original direction, which was confirmed by the change of histogram bars from red to green.

In that example, we have a trend reversal scenario. On the left side of the chart, the price was in the uptrend and then it broke the period Exponential Moving Average, which is often a fakeout. Then the price raised a little bit and broke it again. We can clearly see that its upside movement got exhausted and we could switch to a short trade scenario.

A sell signal happened when the price was below MA and Fisher Indicator bars turned red from green. Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions.

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