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Only during phase D does the price break above the lower resistance line. During phase C the price remains between the upper support line and the lower resistance line.
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Our main trading principle is to only take the trades with the highest probability of success.
. Phase B contains another drawdown followed by a recovery rally where price is held back again by the upper resistance lines. Principals of our FOREX trading Strategy. Our Forex strategies are based on core and solid trading principles.
We use a set of advanced fundamental and technical parameters to filter out only the best trades in Forex and to determine high-probability. The lowest price occurs late in phase B.
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