No more losses, {{Name}}!
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“Trend is your friend” is one of the main trading rules. It’s true! It’s safe and calm to follow the trend movement. One of the variants is to trade inside the channel, using the rebounding big candles to open the positions.
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| NZD/USD (H4) |
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If you are an experienced trader, you may trade bullish and bearish movements even inside a bullish channel. Opening a position after a rebound and closing it near the opposite level. You should be more careful with the opposite movements because if the price rebounds before reaching
the take profit, it will not return, and the losses will only increase.
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Nevertheless, the trend has its end, and you have to decide to close the trend position after the channel breakout, even if it is followed by a loss. The good news about this is that usually, the breakouts are robust, and there is a possibility to open a position in the breakout
direction that may bring a good profit.
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| Want to learn more how follow the trend movement to avoid potential losses? |
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| Academy pro is our trusted education partner. Explore how their insights and strategies can transform your trading results. Your success story starts with the right knowledge. |
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