Friday, 12 September 2014

Trend Reversals

Just a note for my records... My last post was about trading trend corrections this is really just to clarify in my own mind what an actual reversal is.
In an uptrend even a LH shouldn't change your outlook, all that matters are the lows! If price reverses at the prior low the uptrend remains valid however the long play that this sets up may not be... Depending on how close the LH is to the trigger it might not be worth playing.

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