EzeeTrader – The Inflection Point 2021

In simple terms it identifies reversion points. In slightly more technical terms, the markets generally move in an oscillating trend or waves within a trend. The forex markets in particular sees many of these waves on an intraday basis driven by various factors.The 60 minute chart to the left shows the euro between the 6th July to the 20th July. You can clearly see the oscillations on the chart plus I have highlighted with arrows where the Inflection Point Indicator identified potential turning points within the market.The indicator can be used on all time frames to identify short term or more long term potential turning points in the market. From our experience we have found the  30 and 60 minute time frames the most profitable from a signal perspective, although the 5 minute signals both provide good entry signals but just as importantly exit signals.