Formerly IBFX-GPS. Same great product, new name! IBFX-PRS screen shot At the core of any successful trader's technical analysis there lies the ability to spot forming and completed chart patterns. It is no secret that price consolidation in many forms almost always precedes the strengthening of trends, or the reversal of price directions. For over a century now traders have been looking for ascending and descending triangles, rising and falling wedges, and flags and pennants as a means to recognize price consolidation and to prepare for price breakouts. ____________________________________________________________________________________________________
How Does it Work?
The IBFX-PRS scans multiple currencies and time frames looking for price consolidation patterns. When a forming pattern is identified, traders using the PRS will be alerted. Completed patterns offer traders a look at where the price direction is most likely to head, thus offering a potential take profit region. The IBFX-PRS can be used to spot potentially strong trades, or to confirm the strength of current positions held. ___________________________________________________________________________________________________
Interbank FX offers the PRS as a free download to all!*
*In order to use the IBFX-PRS Tool, you must have an account with InterbankFX. Funded Live Accounts will have full IBFX-PRS functionality. Demo Accounts will have limited IBFX-PRS functionality.
