Forex Daily pivot bounce

The strategy for the daily pivot bounce is simple and effective. Step one is to identify a currency that is in a steady stepped-up major trend. When a currency is trending up in such a way, it usually moves in unison with a basket of paired currencies. Therefore as many as four pairs may be traded in unison. The first set of attached charts of EUR show price action on a 10 m time frame. The lower set shows the same pairs on a 30 m time frame which allows us to clearly see the stepped-up rising trend.

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