Market Features Will Continue

The price of a product is always moving, especially if the trading volume of the product is high. Forex, as the financial product with the highest trading volume in the world, has very volatile price movements. This high volatility can be a challenge for novice traders.

Forex traders generally like high volatility, regardless of the currency pair. This shows that from the trading experience that traders get, following the direction of the trend or being a trend follower is indeed profitable, and the trend following strategy is reliable. In order to be able to follow the direction of the trend correctly, traders must be able to identify situations where there will be a trend forwarding, or vice versa there will be a trend reversal.

A situation is called trending when many traders trade with entries in the same particular position (buy or sell). This situation can be corrected if some traders take their profits, and if many traders close their positions to open the opposite position, there will be a trend reversal or trend reversal. However, it is not easy to identify corrections and trend reversals. These are the characteristics of the market will continue:

Breakout Level

Breakout trading is a forex strategy that relies on a breakout of a key level as an entry trigger. These key levels can be in the form of important support and resistance levels formed from psychological levels, manually observing price highs and lows, drawing Fibonacci lines from swing points, or calculating pivot points.

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