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Forex Trend Following StrategyWith the Forex trend following strategy, you can ride market waves. Here is how you can do it. The Forex Trend Following strategy is a popular approach that involves buying in uptrends and selling in downtrends. By utilizing multiple timeframes and technical indicators like moving averages and the ADX indicator, traders can identify trend direction and make well-timed entries and exits. 📊 How to read this chart? Here's a breakdown of the indicators used: 📈 Bollinger Bands: When candles breach the upper band, it signals a positive uptrend, while breaching/touching the lower band indicates a sell signal. 📉 RSI (60,40): RSI above 60 suggests an uptrend, while below 40 indicates a downtrend in the markets. 📊 Trend Following with Moving Averages: This indicator helps identify market trends by analyzing moving averages. ⚡️ ADX Indicator: ADX measures trend strength. Higher ADX values indicate stronger market movements. Combine these indicators with technical analysis for a comprehensive market analysis. Remember, more similar signals from indicators strengthen the market movement. This strategy capitalizes on the power of trends, allowing traders to ride the waves of market momentum and capture profits along the way. With disciplined risk management and a patient mindset, traders can navigate the forex market with confidence, leveraging the potential of sustained trends. So, gear up, embrace the trend, and ride the waves of forex trading with the Forex Trend Following strategy. We have also covered the Halftrend strategy if you haven't read you can read it from here. In the next idea, we’ll cover Forex Trendline trading, till then how about you follow Dhan for more such trading ideas. Happy Trading!
by Dhan
FOREX NOT FALLING IN TRAP (EURO/USD)As we all know Forex is the largest and most popular financial market in the world, which means it is extremely liquid and frequently sees a daily turnover of trillions of dollars. But at the end in trading it's all a ZERO SUM GAME if someone makes money on one side then someone loses money on the other side. So it's very important for us to be on the right path to survive in these markets and make money consistently which is also not an easy task. So the best-proven way one can stay profitable is to trade in the trends direction as we all might have heard before TREND IS OUR FRIEND. So be on the bigger trend path and look for the correct trades. Here I am sharing an analysis on EURO/USD in which I have shown you the direction of the trend and given a plan how you can trade it and even if you want to go against the trend or might feel like the trend is reversing right now then where you should be looking the price to be and how you can trade it when the trend reverse. I have shared my analysis on charts go and watch it out. Don't chase before the price wait for the price to come near your zones as earlier a wise man once said '' PLAN THE TRADE AND TRADE THE PLAN " Hope you enjoy and learn something new from it👍 - Pranesh Sahoo FOR MORE IDEAS PLEASE SUPPORT BY SHARING THE ANALYSIS AND DO FOLLOW AND LIKE. IF ANY DOUBT ARISES DO COMMENT DOWN BELOW I WOULD LOVE TO HELP YOU.
Short
by PraneshTrades
EURUSD FUTURE UPDATE FROM FOREX AWARENESS EURUSD IS TRADING NOW PRICE @ 1.1600 .THE PREVIOUS UPDATE AS PER DATE 29/08/2018 DAILY CANDLE WAS CREATED INVERSE HEAD&SHOULDER PATTERN .SO ,THE MARKET WAS MOVED UPTO PRICE .1.1700 .THEN THE MARKET WAS RETURN FROM 1.1700 TO 1.1600 AS PER DOUBLE TOP(PREVIOUS MAJOR RESISTANCE ZONE). AS FOR MARKET WE CAN EXPECT HERE AFTER MARKET WILL BE BUY .THE MARKET WILL BE POSSIBLE TO MOVE UPTO 1.1800.IF BREAK BELOW 1.1500 MEANS IT WILL COME MORE DOWN UPTO 1.1300. ORDER1-BUY @ CURRENT PRICE 1.1600 TARGET @1.1800 STOPLOSS @ 1.1500 IF BREAK STOPLOSS MEANS ORDER2-SELL STOP @ 1.1500 TARGET @1.1300
by Forex-Awareness