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Prepare to unlearn Everything you thought you knew about Trading. How to Trade the Forex Markets. This video is regarded by Forexmospherians as one of the greatest Foreign Exchange trading videos of all time. Technical Analysis here was posted Live, capturing GBPUSD Brexit trades as the event of Brexit were revealed so were live calls on these trades. The Forex video Captures one of the most important Historical economical events for the British Pound, USA, Europe and the rest of the world.
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Dead Cat Bounce in Forex Markets (Thats it)
Written by: Holmes
Dead Cat Bounce
A popular Forex trading term appropriate to many Financial instruments. This well known phrase is said to originate from Wall Street within the financial markets. The "dead cat bounce" means a brief and small recovery in the price action of a declining FX market. The basic idea is that even a dead cat will bounce if it falls from a great height. Also applied to Foreign Exchange Markets where the currency pair encounters a brief resurgence during or following a severe decline. A good Forex strategy to counter the Dead Cat Bounce is Multiple time frame anaylsis (MTFA).
Multiple Time Frame Analysis will form a rounded view of the market opposed to having a tunnel vision outlook at a stock or currency pair. Forexmospherian Forex Trader Sir Gissachance charts display multiple instances of Dead Cat Bounce. The Multiple Time Frame Analysis strategy is also explained throughout this FX Forum. DCB are also known at Forexmosphere and described by Sir Gissachance as DC or Deep Continues.
Dead Cat Bounce or DC's play an important part in FX Technical Analysis and can be called a Chart Pattern for Technical Analysis.
Sir Gissachance description of a DC is far stronger than the term Dead Cat Bounce because Deep Continues are shown to exist in Bull or Bear Markets. This gives rise to opportunities in all FX Market conditions. Whereas DCB is a technical
analysis term used exclusively for bear market price action conditions.
Multiple Time Frame Analysis (MTFA) Forex Trading Strategy
Shorted currency pair AUDUSD @0.7622 with S/L @B/E
M1 AUDUSD LH and Support circa @0.7585 M30 AUDUSD Support @0.7540