This is a great example of trading with the trend. Both weekly and monthly trend super weak, price is under the hourly moving average and then we have a NR7 ID pattern. You short upon low of range breakdown and price falls over 100 pips.
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Our Forex Trading Philosophy
We primarily trade with the trend.
We focus on currencies where ALL THE TRENDS LINE UP ( 1 Hour, 3 Hour, Weekly & Monthly ).
We trade this DIRECTION until the market moves statistically too far. We then look to do the occassional counter-trend trade when our momentum tools show the trend has stalled.
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