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Trading Trends with Fibonacci
Traders are constantly confounded by the conundrum of when to enter a position during a trending market. Enter too early and run the risk of your stop getting hit before the trend continues its movement in your favor. Enter too late – and you risk missing the move altogether; opening the position as the currency pair accelerates further only to find that by the time you entered price was due to make another retracement. Much like trying to catch a train after it had already left the station, the results can be disastrous. This article will discuss one of the more popular ways that traders look to identify ... (full story)
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