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Forex Strategy. A Trade Following the Market’s Trend

In this video, Andres explains how important is to be aware of the market’s conditions and follow the Market’s real and present trend.

In this trade in the EUR/USD, Andres starts from a single foundation, observes  the price reaction, then he explains the conditions of identifying a new trend. In this case, the Fibonacci retracements made a huge part on finding support and the beginning of market strength. Even though the EUR/USD made strong moves to the upside, It  never showed a sign of weakness and the lack of sellers made it easy to continue to ride the real market’s trend.

For more strategies or Forex trading information, contact Andres Salazar

Andres Salazar

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