Trend reversal traders often need two main tools in their trading. The first one is the ability to recognize potential trend reversals. Without doing this, they would miss out on reversals a lot.
In the previous article, we’ve already mentioned such a notion as retracement, namely, its varieties: narrow, wide, and sideways retracement. It’s crucially important to distinguish one from the other if trading is not just a game for you.
Currency pairs correlation is usually the thing that everybody has heard about before but nobody really knows how to use it properly.
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