The Fakey Trade Setup is being popularized by Nial Fuller, an Australian professional forex trader over at www.

A bullish fakey trade setup forms when a market is in a downtrend for a while and if it forms in levels of support, it should be considered a bullish reversal signal and you should be looking to buy. A bearish fakey setup forms when a market has been in an uptrend for a while and if the bearish fakey forms in levels of resistance, it should be considered a bearish reversal signal and you should be looking to sell.

If you want to be a die-hard fakey trade setup fan, it is important to know the key levels were you need to look to spot fakey trade setups. These are the key price levels you should be watching to see if the fakey trading setups form. Fakey trading setups , can form in any timeframe. But the big price moves and so the chance of more bigger profits happens on larger timeframes.

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