Forexearlywarning Webinar Lesson 32 - Slideshow
by Forexearlywarning.com on Mar 31, 2010
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This lesson covers the situation where you look for a currency pair that is in a pretty strong intermediate or long term uptrend but has cycled down hard against the trend. Then you look to buy it as i...
This lesson covers the situation where you look for a currency pair that is in a pretty strong intermediate or long term uptrend but has cycled down hard against the trend. Then you look to buy it as it resumes its uptrend. You are also looking for the opposite of this, a currency pair in a strong downtrend that cycles up against the trend.
When a currency pair cycles against the trend it is “setting up” for a trade back in the direction of the trend. We will refer to these as “swing trade setups. It work for pairs trending in either direction.
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