However, swing buys that I was watching for have been broken and reversed triggering Wave Reversal entries short. Consider that the swing buy is invalidated as prices lose support three to five pips below the bottom line of the Wave. Therefore corrections of the intraday downtrend could be shorted into as prices reach the 34EMA Wave.

The pullback from The daily chart has reached the Dollar continues to be pressured at The minute chart has triggered a trend-following swing buy off the support of the 34EMA Wave as prices have slipped through 1. For more analysis like this visit the Daily Trading Edge blog.

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Raghee Horner is a private trader, founder of EZ2Trade Software, entrepreneur, and author. She has been trading forex, as well as futures and stocks for almost twenty years.

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