Strategy Video: When to Go for the Short-Term or Long-Term Trade
• Many times, a currency or pair can present trade potential on multiple time frames
• Technicals, fundamentals and market conditions can help determine which time frame holds the better trade
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There is never one opportunity to be found in the market. Depending on the construction of a position, entry and exit, and time frame; a slew of different trade setups can be drawn from a single currency or pair. However, the market environment and surrounding circumstances can leverage better probabilities for a trade on a particular time frame. In today's Strategy Video, we discuss how to weigh competing trade opportunities between technical, fundamental and market conditions analysis. We use this process on EURUSD, GBPUSD, USDJPY and EURGBP to judge whether the short-term or long-term setups are better suited to trade.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.