Forex Ledge Trading.
Market behaviour: Have you noticed how many currencies are LEDGING at the moment?
LEDGING refers to price action when the currency is creating ledge (or cliff) to “fall off”.
These are great trading opportunities as why require small stops and can have large targets. Great for Double in a Day, GTM and any Forex trading for that matter.
Just trade the break of support.
Currently the GBPAUD, USDCHF, AUDJPY, GBPJPY, GBPNZD are creating Forex Ledge trading opportunities on the 4 hours charts with the 4 RSI supporting.
GBPAUD
USDCHF
GBPJPY
AUDJPY
GBPNZD
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