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Welcome to another educational video by Nathan Bray from ACY Securities! In this video, we delve into the crucial concept of triggering into a trade.
In this video, we delve into the crucial concept of triggering into a trade. If you've been following our previous episodes, you're familiar with combining trading strategies like trend analysis, deeper retracements, and identifying support and resistance levels. But the question remains: how do we effectively enter a trade when these levels are respected? Join me as I walk you through the process of selecting the right trigger to confidently enter a trade.
I'll show you how to zoom in on a 15-minute chart to identify potential entry points. You'll learn: - How to recognise a respected support level. - The importance of a trend line break as a trigger. - Using MACD for confirmation to smooth out price movements. - Combining multiple indicators to create a robust entry strategy. We'll also explore another example using the EUR/USD pair to illustrate how these principles apply across different markets.
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