In that event also use a protective stop, either static or trailing, to prevent profit erosion on the balance of the position.
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This identification of trend, its beginning and end, is the most important thing we have to do.
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Market price that has declined too steeply or too fast.
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Would you like to forex web trading with fx trading forex trader and also forex currency trading and trade like a Pro!
Note how when prices rose above the resistance level they did so decisively.
You will notice that I have two R3’s and that’s because they are the same level.
However you approach the stop price, it is a level beyond which you are not prepared to give up profit, or where a position slips back to evens or a small loss.