4 Crazy Price Action Forex Tips That Will Seriously Improve Your Trading!
2. Top Down Analysis is A Critical Step For Price Action Traders
Above: A powerful example of counter trend trading done right.
You’ve heard the sayings over and over: ‘trade with the trend only‘, ‘the trend is your friend‘.
Well, those catch phrases are only true while the trending context is relevant.
You need to use top down analysis to make sure you’re not going to trade into any serious trouble spots, or even better – use the technique to spot lucrative counter trend signals, like the one shown above.