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A trader should expect the correction to be formed only when the market fails to create a new lower low in case of an uptrend and new higher high for down trend. If you are looking more about Forex strategy then explore http://investmentforex.org/category/forex-strategy
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This trading strategy works well only with the AUDUSD pair. Many pairs have been back tested but the best winning ratio comes from trading the AUDUSD pair. It’s imperative that traders should practice this strategy with a demo account in order to fully understand its features. Forex Strategy
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