This is a great example as we have a NR4 pattern, price is above the hourly moving average and the weekly trend is ultra strong. Our new FX Trend Bias tool also showed this as likely to explode as breakout showed the highest strength all day.
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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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