• In Forex trading patience is a virtue. As a trader you have to wait for the perfect opportunity to enter or exit a trade, as this is usually the difference between success and failure.
  • I choose to use the 4 hour time frame as it eliminates most of the noise that we see in trading.
  • The momentum indicators can tell us where the market is going.
  • With the CCI at 119 and the stochastic indicator above 80 then it may be a bullish indicator
  • This is a position i will be watching on market open.
Happy trading
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