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Trading Technology · 17 rise and high and consolidation rise

Market status:Market is in historic high zone, major trend is up, daily trend also is the consolidation of rose.

Strategy: Be careful to buy, light positions to buy, tight stops, finish position intra day, can leave part of positions as sentry positions of 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 "positive", and "positive" value continues to reduce.

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

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

4) The currency trend is "rising", usually in the "high" zone of history, when the day trend also is "rising", the prices trend will rise a bit lots.

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