Sunday, January 12, 2020

New or support and resistance area


Traders must see and understand that no matter how long a trend runs for overall, it won’t go in that dominant direction forever. New or support and resistance area will have a effect on the trend. It has to make pullbacks and corrections to give other institutions and traders a chance to join it. The key is knowing when to join it safely and when to anticipate a low risk, high money making opportunity to go against it. You will always see a trend on some timeframes and what looks like a range on another timeframe, only to then see it look like a full-blown trend on a different setting. The key to consistency is to not overcomplicate and stick to a plan. Use your stop losses and let your winners run.ADVANCED FOREX PATTERNS (AFP) helps you to master 10 very powerful Forex patterns available to the Forex trader.

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