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Want to currency cross trading and day trade forex with learn to trade currency plus extraordinary trading results!
The three trend where a primary, secondary and minor trends.
Want to currency cross trading and day trade forex with learn to trade currency plus extraordinary trading results!
The ideal will be when all three trends are in unison, but this is not a prerequisite, as intermediate trends can be substantial in both time and price.
If I get a close above R1 that’s when I enter the market and place my stop below S1.
Next our established trend line was broken with a close below the line and the last piece of evidence was when we had a close below the support.
There are other combinations of this but this is the most common.