Identifying the major reversals in the Forex market


Trend trading strategy has always been the most profitable trading system. But this doesn’t mean the trend of a certain asset will never get changed. In fact, there is a strong chance a market trend will get changed twice within six months. The professional traders in the United Kingdom know this fact very well. In fact, they even make a profit by trading the major reversal of the trend. Those who are new often make mistakes by considering the retracement as a trend change. So what is a market retracement? At times the market often exhibits extended counter-trend movement and…