Riding the order flow
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Trade Responsibly Chapter 9: Use More Predictable Currency Pairs
Some currency pairs tend to follow patterns in a much more readable way. With the best ones, patterns can be easily seen with the naked eye, before placing the first line on the chart. It is important to be aware of this before looking for a trade. With more predictable currency pairs, clear support and resistance lines will be respected in a better manner. This means that when the pair approaches the line, its movement will slow down. Does it lack the momentum to break? This line will serve as a bouncing spot, and the price will return towards the middle of the range. And when the pair has enough momentum to make ... (full story)
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