Before you trade it is very important that you have some working knowledge of probability in order to maximize your trading technique.
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Which is where we get the term Random Walk.
Would you like to daytrader with the only way to trade forex and also basics of forex and trade like a Pro!
We learned that the trend line acts as underlying support to up trend lines and overhead resistance to down trends.
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Would you like to daytrader with the only way to trade forex and also basics of forex and trade like a Pro!
The three trend where a primary, secondary and minor trends.
The market struggled to make it above R3 and retraced to S4 Once R3 is taken I move my stop to S4 and lock in profits.
The previous short sellers become frustrated and buy to cover their short positions and prices move up further.