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Find Your Forex Entry Point: 3 Entry Strategies To Try
A forex entry point is the level or price at which a trader enters into a trade (buy/sell). Deciding on a forex entry point can be complex for traders because of the abundance of variable inputs that move the forex market. This article will cover how to enter a forex trade and outline the following entry strategies: • Trend channels • Breakouts • Candlestick patterns Trendlines are fundamental tools used by technical analysts to identify support and resistance levels. In the example below, the price shows a clear higher high and higher low movement indicating a prominent uptrend. This enables to determine a ... (full story)