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Price needs to break from the channel. Some FX pairs have learn swing trading forex ranges than others, the average daily range on Cable is 170 pips on trend days and 60-80 pips on neutral and range extension maybe about 120 pips.

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In this case we are drawing the fibs from the highest swing to the lowest swing left to right (This is done vice versa when looking for a bullish trade).

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Using 42 real world forex charts Steve will ask questions based on a specific chart and then after thinking about your answers, you can hear Steves analysis. Icould trade near the mikes auto. If ROI (relation between risk and return) is good, enter a buy order. Joke facing. This type of multi pair hedgecorrelation strategy can take many years of experience to perfect, particularly if the trader trades the four majors and threemodity pairs concurrently.

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