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Daily #Forex signals
Thought of the day: “Make bold choices and make mistakes. It’s all those things that add up to the person you become”, Angelina Jolie, Happy Birthday
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- AUDNZD Bullish Weakness
- Bullish weakness: Longer-term trend is bullish. There has been some temporary weakness, but the uptrend is likely to resume
- Bearish strength: Longer-term trend is bearish. There has been some temporary rally, but the downtrend is likely to resume
- Volatility Channels (Horizontal dotted lines) : Markets often retest swings. This is a volatility buffer to allow wiggle room.
- Volatility Channel: Think of the other side of a volatility channel of the distance it would take to close half the position to break even if the remainder was to hit the stop loss
- #n%: Think of it as a rudimentary equity at risk position sizing. It is 1% divided by the distance from the day the swing is recorded to the volatility channel
- Disclaimer: this is neither a solicitation, nor an investment advice
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