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Trading Technology · 08 fall and low and consolidation rise

Market status:Market is in historic low zone, major trend is down, but daily trend is the consolidation of rose.

Strategy: Be careful to buy, lighten positions to buy, tight stops, finish position intra day, do not leave long positions!

Reason:

1) The long buyers may be take profit after callback and wait-and-see, so appears consolidating.

2) It might be a bad data, let long-terms traders wait-and-see, so appears consolidating.

3) It might be a bad news, let long-terms traders wait-and-see, so appears consolidating.

4) It might be the central bank intervention, let day traders to sell, so appears consolidating.

Warning:

The "consolidation rising" is often limited, tight stops, finish position intra day, can leave part of positions as long positions seed to expand profits.

Why?

1) Currency spreads values, continue to be "negative", and "negative" value continues to reduce.

2) Currency in "falling" direction, and continued falling, and speed turn "slow".

3) Currency zone, from the "rise" trend of history "medium zone" change to the "fall" trend of history "low zone".

4) The currency trend is "falling", usually in the "low" zone of history, when the day trend also is "falling", the prices trend will fall a bit lots.

5) The currency trend is "falling", usually in the "low" zone of history, when the several days trend is little "rising" of consolidations, the prices trend will rise a bit little.

6) The currency trend is "falling", usually in the "low" zone of history, when the several days trend is little "falling " of consolidations, the prices trend will fall a bit little.