Pin 2: Confirm Overbought/Oversold Conditions | EAX Dashboard Forex Strategy

Pin 2: Confirm Overbought/Oversold Conditions in Forex Trading

Use multi-timeframe technical tools to confirm whether the market is primed for a reversal or continuation as part of the EAX Dashboard trading system.

Key Indicators to Validate Overbought and Oversold Market Conditions

  • Fibonacci/SR Levels on Weekly (W1): Identify major support and resistance zones and align them with Fibonacci retracement levels to determine critical price barriers. Learn more!
  • Stochastic Oscillator on H4: Confirm medium-term overbought or oversold momentum, helping to anticipate potential market reversals or trend continuation. Learn more!
  • iTMA on M30: Capture quick momentum shifts on the 30-minute chart to align short-term trade entries with the overall market trend for precise timing. Learn more!

Automated Trade Entries with Triple-Layer Validation

Trade entries are executed automatically only when both Pin 1 (Main Trend Identification) and Pin 2 (Overbought/Oversold Confirmation) signals fully align. This triple-layer confirmation significantly reduces false signals and improves trade entry precision—ideal for traders seeking consistency and disciplined trading.