Trading With High and Low Market

One of way to search profits opportunity in forex trading is with detect price trend. Uptrend or bullish condition, where prices move up, can be an opportunity to open buy position. Meanwhile, opportunities to open sell position can be sought during downtrend or bearish, i.e. when prices experience a decline. 

However, knowing the uptrend or downtrend is not enough. Often the emerging trend is not strong enough and suddenly reverses direction again. In fact, sideways often occur, namely conditions when prices fluctuate up and down without any sign that prices will strengthen in one direction.  Therefore, it is important for traders to be able to detect the strength of the trend.

If a lower high appears, or a new high that is lower than the previous high, this can be an indication of a reversal or a change in the uptrend to a downtrend. Vice versa, if a higher low appears, or a low position that is higher than the previous low, it is possible that the downtrend will end soon and turn into an uptrend.

This reversal indication can also be used by traders to look for profit opportunities. During an uptrend, if a lower high appears on the chart followed by a lower low, wait until the price approaches the lower high to open a short position. And vice versa during a downtrend, if a higher low appears on the chart followed by a higher, the trader can open a long position when the price approaches the higher low again.

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